FMB Wealth Management Has $10.99 Million Holdings in Avantis U.S. Equity ETF (NYSEARCA:AVUS)

FMB Wealth Management lessened its holdings in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 113,417 shares of the company’s stock after selling 316 shares during the quarter. Avantis U.S. Equity ETF makes up approximately 6.2% of FMB Wealth Management’s portfolio, making the stock its 3rd largest holding. FMB Wealth Management owned 0.16% of Avantis U.S. Equity ETF worth $10,993,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Global Trust Asset Management LLC raised its holdings in shares of Avantis U.S. Equity ETF by 71.4% during the 3rd quarter. Global Trust Asset Management LLC now owns 480 shares of the company’s stock valued at $46,000 after purchasing an additional 200 shares in the last quarter. Global Wealth Strategies & Associates acquired a new position in Avantis U.S. Equity ETF during the fourth quarter worth $97,000. Fortitude Family Office LLC bought a new position in Avantis U.S. Equity ETF during the third quarter valued at about $95,000. Empower Advisory Group LLC acquired a new stake in shares of Avantis U.S. Equity ETF in the third quarter worth about $202,000. Finally, Clarity Asset Management Inc. boosted its stake in shares of Avantis U.S. Equity ETF by 10.1% during the 3rd quarter. Clarity Asset Management Inc. now owns 2,149 shares of the company’s stock worth $204,000 after acquiring an additional 197 shares in the last quarter.

Avantis U.S. Equity ETF Stock Performance

Shares of NYSEARCA AVUS opened at $100.51 on Wednesday. The business’s 50-day simple moving average is $99.40 and its 200-day simple moving average is $96.35. Avantis U.S. Equity ETF has a 52 week low of $82.74 and a 52 week high of $102.23. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 17.22 and a beta of 1.00.

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.