Acorn Financial Advisory Services Inc. ADV Reduces Position in Avantis U.S. Equity ETF (NYSEARCA:AVUS)

Acorn Financial Advisory Services Inc. ADV reduced its holdings in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 187,718 shares of the company’s stock after selling 2,304 shares during the quarter. Avantis U.S. Equity ETF makes up about 3.0% of Acorn Financial Advisory Services Inc. ADV’s holdings, making the stock its 9th largest position. Acorn Financial Advisory Services Inc. ADV owned about 0.26% of Avantis U.S. Equity ETF worth $18,196,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Global Wealth Strategies & Associates purchased a new position in Avantis U.S. Equity ETF in the 4th quarter worth approximately $97,000. Versant Capital Management Inc increased its stake in shares of Avantis U.S. Equity ETF by 0.5% in the 4th quarter. Versant Capital Management Inc now owns 65,088 shares of the company’s stock worth $6,309,000 after acquiring an additional 331 shares in the last quarter. Ridgeline Wealth LLC bought a new stake in Avantis U.S. Equity ETF in the fourth quarter worth $26,663,000. Sterneck Capital Management LLC bought a new position in Avantis U.S. Equity ETF in the 4th quarter valued at approximately $3,377,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Avantis U.S. Equity ETF during the 4th quarter valued at about $319,000.

Avantis U.S. Equity ETF Price Performance

Shares of NYSEARCA:AVUS opened at $91.22 on Friday. The company has a market capitalization of $7.57 billion, a P/E ratio of 19.26 and a beta of 1.03. The firm’s 50 day simple moving average is $90.96 and its two-hundred day simple moving average is $96.31. Avantis U.S. Equity ETF has a 1-year low of $79.20 and a 1-year high of $102.23.

Avantis U.S. Equity ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were given a dividend of $0.2962 per share. The ex-dividend date of this dividend was Tuesday, March 25th.

About Avantis U.S. Equity ETF

The Avantis U.S. Equity ETF (AVUS) is an exchange-traded fund that is based on the Russell 3000 index. The fund is an actively managed portfolio of US equities of all market capitalizations, with a bias toward smaller, more profitable or value companies. AVUS was launched on Sep 24, 2019 and is managed by American Century Investments.