Modern Wealth Management LLC Makes New Investment in Avantis U.S. Equity ETF (NYSEARCA:AVUS)

Modern Wealth Management LLC purchased a new stake in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,443 shares of the company’s stock, valued at approximately $1,049,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in shares of Avantis U.S. Equity ETF by 12.7% in the fourth quarter. Bank of New York Mellon Corp now owns 477,594 shares of the company’s stock valued at $46,293,000 after buying an additional 53,763 shares during the period. Leo Wealth LLC increased its position in Avantis U.S. Equity ETF by 5.7% during the 4th quarter. Leo Wealth LLC now owns 443,635 shares of the company’s stock valued at $43,000,000 after purchasing an additional 23,922 shares during the period. Global Retirement Partners LLC lifted its position in shares of Avantis U.S. Equity ETF by 165.6% in the 4th quarter. Global Retirement Partners LLC now owns 648 shares of the company’s stock worth $63,000 after purchasing an additional 404 shares during the period. Truist Financial Corp increased its position in shares of Avantis U.S. Equity ETF by 5.0% during the fourth quarter. Truist Financial Corp now owns 5,664 shares of the company’s stock worth $549,000 after buying an additional 272 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in Avantis U.S. Equity ETF by 359.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,799 shares of the company’s stock worth $368,000 after buying an additional 2,972 shares during the last quarter.

Avantis U.S. Equity ETF Price Performance

Shares of NYSEARCA:AVUS opened at $94.21 on Thursday. Avantis U.S. Equity ETF has a 1 year low of $84.26 and a 1 year high of $102.23. The business’s 50-day moving average is $97.83 and its 200-day moving average is $97.50. The company has a market capitalization of $7.75 billion, a price-to-earnings ratio of 20.02 and a beta of 1.06.

Avantis U.S. Equity ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 25th will be given a dividend of $0.2962 per share. The ex-dividend date is Tuesday, March 25th.

Avantis U.S. Equity ETF Company 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.