FMB Wealth Management Boosts Stake in Avantis U.S. Equity ETF $AVUS

FMB Wealth Management raised its position in Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 152,105 shares of the company’s stock after acquiring an additional 7,873 shares during the quarter. Avantis U.S. Equity ETF makes up 6.7% of FMB Wealth Management’s portfolio, making the stock its 3rd biggest holding. FMB Wealth Management owned 0.16% of Avantis U.S. Equity ETF worth $17,002,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Great Point Wealth Advisors LLC bought a new position in shares of Avantis U.S. Equity ETF in the third quarter worth about $122,327,000. HB Wealth Management LLC raised its stake in shares of Avantis U.S. Equity ETF by 27.5% in the third quarter. HB Wealth Management LLC now owns 4,762,043 shares of the company’s stock worth $517,634,000 after buying an additional 1,026,636 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of Avantis U.S. Equity ETF by 181.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 1,134,255 shares of the company’s stock worth $123,293,000 after buying an additional 730,960 shares during the period. CPC Advisors LLC bought a new position in shares of Avantis U.S. Equity ETF in the third quarter worth about $52,305,000. Finally, McLean Asset Management Corp raised its stake in shares of Avantis U.S. Equity ETF by 214.0% in the third quarter. McLean Asset Management Corp now owns 478,285 shares of the company’s stock worth $52,329,000 after buying an additional 325,942 shares during the period.

Avantis U.S. Equity ETF Stock Up 2.6%

NYSEARCA AVUS opened at $115.52 on Thursday. The stock’s 50-day moving average price is $114.26 and its 200-day moving average price is $112.14. Avantis U.S. Equity ETF has a 52 week low of $80.66 and a 52 week high of $118.27. The company has a market capitalization of $11.33 billion, a P/E ratio of 20.35 and a beta of 1.01.

Avantis U.S. Equity ETF Profile

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.