Truepoint Inc. Trims Position in Avantis U.S. Equity ETF $AVUS

Truepoint Inc. trimmed its position in Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 70.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,015 shares of the company’s stock after selling 19,363 shares during the quarter. Truepoint Inc.’s holdings in Avantis U.S. Equity ETF were worth $808,000 at the end of the most recent quarter.

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

Avantis U.S. Equity ETF Stock Down 0.1%

Avantis U.S. Equity ETF stock opened at $109.09 on Friday. The stock has a market cap of $9.94 billion, a price-to-earnings ratio of 20.35 and a beta of 1.02. The business has a 50-day simple moving average of $108.86 and a 200 day simple moving average of $103.24. Avantis U.S. Equity ETF has a 52 week low of $79.20 and a 52 week high of $111.62.

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.