JRM Investment Counsel LLC Reduces Position in Avantis U.S. Equity ETF $AVUS

JRM Investment Counsel LLC reduced its stake in Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 3.5% during the first quarter, HoldingsChannel reports. The fund owned 310,296 shares of the company’s stock after selling 11,200 shares during the period. Avantis U.S. Equity ETF comprises approximately 9.2% of JRM Investment Counsel LLC’s holdings, making the stock its 4th largest position. JRM Investment Counsel LLC’s holdings in Avantis U.S. Equity ETF were worth $34,499,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Godfrey Financial Associates Inc. purchased a new position in shares of Avantis U.S. Equity ETF in the 4th quarter worth about $29,000. Brown Brothers Harriman & Co. purchased a new stake in Avantis U.S. Equity ETF during the 4th quarter valued at about $29,000. EverSource Wealth Advisors LLC grew its position in Avantis U.S. Equity ETF by 138.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 358 shares of the company’s stock valued at $36,000 after purchasing an additional 208 shares during the last quarter. Monetary Solutions Ltd bought a new stake in Avantis U.S. Equity ETF during the 4th quarter valued at about $39,000. Finally, Federation des caisses Desjardins du Quebec bought a new stake in Avantis U.S. Equity ETF during the 4th quarter valued at about $39,000.

Avantis U.S. Equity ETF Stock Performance

Shares of Avantis U.S. Equity ETF stock opened at $126.84 on Friday. The stock has a market capitalization of $13.81 billion, a PE ratio of 20.35 and a beta of 0.99. Avantis U.S. Equity ETF has a 52-week low of $100.82 and a 52-week high of $128.86. The company has a 50-day simple moving average of $126.84 and a two-hundred day simple moving average of $119.94.

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.