Simplicity Wealth LLC Invests $59.25 Million in Avantis U.S. Equity ETF (NYSEARCA:AVUS)

Simplicity Wealth LLC bought a new position in Avantis U.S. Equity ETF (NYSEARCA:AVUS) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 641,396 shares of the company’s stock, valued at approximately $59,252,000. Avantis U.S. Equity ETF accounts for approximately 4.6% of Simplicity Wealth LLC’s investment portfolio, making the stock its largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC bought a new stake in Avantis U.S. Equity ETF during the fourth quarter worth about $670,000. RAM Investment Partners LLC purchased a new position in Avantis U.S. Equity ETF in the fourth quarter worth about $616,000. Fonville Wealth Management LLC raised its holdings in Avantis U.S. Equity ETF by 7.6% in the fourth quarter. Fonville Wealth Management LLC now owns 95,246 shares of the company’s stock worth $9,232,000 after buying an additional 6,703 shares during the last quarter. Index Fund Advisors Inc. raised its holdings in Avantis U.S. Equity ETF by 4.1% in the fourth quarter. Index Fund Advisors Inc. now owns 2,989 shares of the company’s stock worth $290,000 after buying an additional 118 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC purchased a new position in Avantis U.S. Equity ETF in the fourth quarter worth about $342,000.

Avantis U.S. Equity ETF Stock Down 0.0%

AVUS opened at $98.12 on Tuesday. The firm has a 50 day moving average price of $91.77 and a 200-day moving average price of $95.92. Avantis U.S. Equity ETF has a twelve month low of $79.20 and a twelve month high of $102.23. The stock has a market capitalization of $8.42 billion, a price-to-earnings ratio of 20.32 and a beta of 1.02.

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.