Avantis U.S. Large Cap Equity ETF $AVLC Position Increased by Cypress Point Wealth Management LLC

Cypress Point Wealth Management LLC grew its position in Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC) by 12.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 418,718 shares of the company’s stock after buying an additional 47,427 shares during the quarter. Avantis U.S. Large Cap Equity ETF accounts for approximately 6.5% of Cypress Point Wealth Management LLC’s holdings, making the stock its 3rd biggest holding. Cypress Point Wealth Management LLC owned 4.23% of Avantis U.S. Large Cap Equity ETF worth $32,036,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in AVLC. Nemes Rush Group LLC boosted its position in shares of Avantis U.S. Large Cap Equity ETF by 25.3% in the 2nd quarter. Nemes Rush Group LLC now owns 823 shares of the company’s stock worth $58,000 after buying an additional 166 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in Avantis U.S. Large Cap Equity ETF during the second quarter worth about $74,000. Full Sail Capital LLC purchased a new stake in shares of Avantis U.S. Large Cap Equity ETF in the first quarter valued at about $226,000. BLVD Private Wealth LLC purchased a new stake in shares of Avantis U.S. Large Cap Equity ETF in the second quarter valued at about $233,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Avantis U.S. Large Cap Equity ETF in the first quarter valued at approximately $313,000.

Avantis U.S. Large Cap Equity ETF Price Performance

Shares of AVLC opened at $77.30 on Thursday. Avantis U.S. Large Cap Equity ETF has a 1-year low of $55.47 and a 1-year high of $79.78. The stock has a market cap of $811.65 million, a price-to-earnings ratio of 22.04 and a beta of 1.07. The firm has a 50 day simple moving average of $77.41 and a 200-day simple moving average of $74.48.

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.