Mattern Wealth Management LLC Boosts Stock Holdings in Avantis U.S. Equity ETF (NYSEARCA:AVUS)

Mattern Wealth Management LLC boosted its stake in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 63.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 280,397 shares of the company’s stock after buying an additional 108,546 shares during the quarter. Avantis U.S. Equity ETF makes up approximately 5.7% of Mattern Wealth Management LLC’s portfolio, making the stock its 3rd largest holding. Mattern Wealth Management LLC’s holdings in Avantis U.S. Equity ETF were worth $25,903,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AVUS. Simplicity Wealth LLC bought a new stake in Avantis U.S. Equity ETF during the 1st quarter worth 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. Mercer Global Advisors Inc. ADV bought a new stake in Avantis U.S. Equity ETF during the fourth quarter valued at $42,724,000. Bank of America Corp DE boosted its stake in Avantis U.S. Equity ETF by 260.4% during the fourth quarter. Bank of America Corp DE now owns 561,165 shares of the company’s stock valued at $54,394,000 after buying an additional 405,465 shares during the period. Finally, Arcadia Wealth Management Inc. purchased a new position in Avantis U.S. Equity ETF during the fourth quarter worth about $22,969,000.

Avantis U.S. Equity ETF Stock Up 0.7%

Shares of NYSEARCA AVUS opened at $99.04 on Wednesday. The stock’s 50-day simple moving average is $94.49 and its two-hundred day simple moving average is $95.69. Avantis U.S. Equity ETF has a twelve month low of $79.20 and a twelve month high of $102.23. The firm has a market capitalization of $8.50 billion, a P/E 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.