Cypress Point Wealth Management LLC Boosts Holdings in Avantis U.S. Large Cap Equity ETF $AVLC

Cypress Point Wealth Management LLC boosted its position in shares of Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 457,783 shares of the company’s stock after acquiring an additional 39,065 shares during the quarter. Avantis U.S. Large Cap Equity ETF accounts for approximately 7.9% of Cypress Point Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Cypress Point Wealth Management LLC’s holdings in Avantis U.S. Large Cap Equity ETF were worth $35,991,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AVLC. Buttonwood Financial Group LLC bought a new stake in Avantis U.S. Large Cap Equity ETF during the third quarter worth $33,373,000. Park Avenue Securities LLC bought a new stake in Avantis U.S. Large Cap Equity ETF during the third quarter worth $26,667,000. Well Done LLC bought a new stake in Avantis U.S. Large Cap Equity ETF during the fourth quarter worth $23,387,000. Networth Advisors LLC bought a new stake in Avantis U.S. Large Cap Equity ETF during the fourth quarter worth $18,804,000. Finally, Strategic Blueprint LLC bought a new stake in Avantis U.S. Large Cap Equity ETF during the fourth quarter worth $11,079,000.

Avantis U.S. Large Cap Equity ETF Stock Performance

NYSEARCA AVLC opened at $85.70 on Monday. The firm’s fifty day moving average price is $80.58 and its two-hundred day moving average price is $79.55. Avantis U.S. Large Cap Equity ETF has a 1 year low of $63.90 and a 1 year high of $86.06. The firm has a market capitalization of $1.17 billion, a P/E ratio of 22.04 and a beta of 1.02.

About Avantis U.S. Large Cap Equity ETF

The Avantis U.S. Large Cap Equity ETF (AVLC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in US large-cap stocks of companies perceived to have high-growth characteristics and attractive valuations. The fund aims for long-term capital appreciation AVLC was launched on Sep 26, 2023 and is issued by American Century Investments.