PNC Financial Services Group Inc. Grows Stock Holdings in Avantis U.S. Equity ETF (NYSEARCA:AVUS)

PNC Financial Services Group Inc. lifted its stake in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 415.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,567 shares of the company’s stock after buying an additional 15,768 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Avantis U.S. Equity ETF were worth $1,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of AVUS. HB Wealth Management LLC lifted its stake in shares of Avantis U.S. Equity ETF by 2,108.4% in the first quarter. HB Wealth Management LLC now owns 1,174,242 shares of the company’s stock worth $108,476,000 after buying an additional 1,121,070 shares in the last quarter. LPL Financial LLC increased its holdings in Avantis U.S. Equity ETF by 51.1% during the first 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 purchased a new stake in Avantis U.S. Equity ETF during the first quarter valued at approximately $59,252,000. Raymond James Financial Inc. purchased a new stake in shares of Avantis U.S. Equity ETF in the fourth quarter worth $52,872,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Avantis U.S. Equity ETF in the fourth quarter worth $42,724,000.

Avantis U.S. Equity ETF Price Performance

Shares of NYSEARCA AVUS opened at $103.71 on Friday. The firm has a fifty day moving average price of $100.84 and a 200-day moving average price of $96.54. Avantis U.S. Equity ETF has a 1 year low of $79.20 and a 1 year high of $104.41. The stock has a market cap of $9.11 billion, a PE ratio of 20.35 and a beta of 1.05.

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.