Envestnet Asset Management Inc. Purchases 36,729 Shares of Avantis U.S. Equity ETF $AVUS

Envestnet Asset Management Inc. boosted its holdings in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 2.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,674,852 shares of the company’s stock after acquiring an additional 36,729 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Avantis U.S. Equity ETF were worth $168,859,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. HB Wealth Management LLC grew its position in Avantis U.S. Equity ETF by 218.1% during the second quarter. HB Wealth Management LLC now owns 3,735,407 shares of the company’s stock worth $376,603,000 after buying an additional 2,561,165 shares in the last quarter. Maseco LLP acquired a new position in Avantis U.S. Equity ETF in the 2nd quarter worth about $211,002,000. LPL Financial LLC raised its holdings in Avantis U.S. Equity ETF by 51.1% in the 1st quarter. LPL Financial LLC now owns 2,149,684 shares of the company’s stock valued at $198,588,000 after buying an additional 727,153 shares during the last quarter. Simplicity Wealth LLC raised its stake in shares of Avantis U.S. Equity ETF by 111.9% during the second quarter. Simplicity Wealth LLC now owns 1,359,030 shares of the company’s stock valued at $137,017,000 after acquiring an additional 717,634 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in Avantis U.S. Equity ETF by 151.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 1,076,711 shares of the company’s stock worth $99,467,000 after purchasing an additional 649,341 shares during the last quarter.

Avantis U.S. Equity ETF Stock Performance

Shares of NYSEARCA AVUS opened at $111.09 on Wednesday. The company has a market capitalization of $10.05 billion, a P/E ratio of 20.35 and a beta of 1.02. The company’s 50 day moving average price is $107.79 and its 200-day moving average price is $101.32. Avantis U.S. Equity ETF has a 52-week low of $79.20 and a 52-week high of $111.35.

Avantis U.S. Equity ETF Profile

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.