Trace Wealth Advisors LLC Takes Position in Avantis U.S. Equity ETF (NYSEARCA:AVUS)

Trace Wealth Advisors LLC acquired a new stake in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 156,955 shares of the company’s stock, valued at approximately $15,214,000. Avantis U.S. Equity ETF makes up approximately 13.6% of Trace Wealth Advisors LLC’s portfolio, making the stock its 2nd biggest holding.

Other hedge funds have also recently modified their holdings of the company. Index Fund Advisors Inc. increased its holdings in Avantis U.S. Equity ETF by 4.1% in the 4th 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 period. Smartleaf Asset Management LLC increased its holdings in Avantis U.S. Equity ETF by 6.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,324 shares of the company’s stock worth $226,000 after buying an additional 138 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Avantis U.S. Equity ETF by 11.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,515 shares of the company’s stock worth $147,000 after buying an additional 154 shares during the period. Valued Wealth Advisors LLC increased its holdings in Avantis U.S. Equity ETF by 1.1% in the 4th quarter. Valued Wealth Advisors LLC now owns 14,522 shares of the company’s stock worth $1,408,000 after buying an additional 163 shares during the period. Finally, Wealth Management Partners LLC increased its holdings in Avantis U.S. Equity ETF by 1.1% in the 4th quarter. Wealth Management Partners LLC now owns 15,468 shares of the company’s stock worth $1,499,000 after buying an additional 166 shares during the period.

Avantis U.S. Equity ETF Trading Up 0.7%

Avantis U.S. Equity ETF stock opened at $97.73 on Friday. Avantis U.S. Equity ETF has a 12 month low of $79.20 and a 12 month high of $102.23. The stock’s 50 day simple moving average is $90.68 and its two-hundred day simple moving average is $96.15. The firm has a market cap of $8.34 billion, a PE ratio of 20.78 and a beta of 1.03.

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.