Fonville Wealth Management LLC Acquires 5,962 Shares of Avantis U.S. Equity ETF $AVUS

Fonville Wealth Management LLC raised its holdings in Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 5.4% during the second quarter, Holdings Channel reports. The institutional investor owned 115,849 shares of the company’s stock after buying an additional 5,962 shares during the quarter. Avantis U.S. Equity ETF makes up about 3.0% of Fonville Wealth Management LLC’s holdings, making the stock its 8th largest position. Fonville Wealth Management LLC’s holdings in Avantis U.S. Equity ETF were worth $11,680,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AVUS. True Wealth Design LLC raised its holdings in shares of Avantis U.S. Equity ETF by 90.0% in the 2nd quarter. True Wealth Design LLC now owns 45,514 shares of the company’s stock worth $4,589,000 after acquiring an additional 21,553 shares during the last quarter. Valued Wealth Advisors LLC raised its stake in shares of Avantis U.S. Equity ETF by 36.6% in the second quarter. Valued Wealth Advisors LLC now owns 25,609 shares of the company’s stock worth $2,582,000 after purchasing an additional 6,858 shares during the last quarter. AE Wealth Management LLC lifted its holdings in shares of Avantis U.S. Equity ETF by 61.0% in the second quarter. AE Wealth Management LLC now owns 2,645 shares of the company’s stock valued at $267,000 after purchasing an additional 1,002 shares in the last quarter. Vestmark Advisory Solutions Inc. purchased a new position in shares of Avantis U.S. Equity ETF during the second quarter valued at approximately $17,731,000. Finally, Savant Capital LLC grew its holdings in Avantis U.S. Equity ETF by 68.5% during the second quarter. Savant Capital LLC now owns 17,916 shares of the company’s stock worth $1,806,000 after buying an additional 7,281 shares in the last quarter.

Avantis U.S. Equity ETF Trading Up 0.3%

NYSEARCA AVUS opened at $109.13 on Friday. The business has a fifty day simple moving average of $108.46 and a 200 day simple moving average of $102.62. Avantis U.S. Equity ETF has a 12 month low of $79.20 and a 12 month high of $111.62. The firm has a market capitalization of $9.94 billion, a P/E ratio of 20.35 and a beta of 1.02.

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.