Sunpointe LLC Invests $2.03 Million in Avantis U.S. Equity ETF (NYSEARCA:AVUS)

Sunpointe LLC bought a new position in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,985 shares of the company’s stock, valued at approximately $2,034,000. Avantis U.S. Equity ETF accounts for about 1.0% of Sunpointe LLC’s investment portfolio, making the stock its 27th largest position.

Several other large investors have also added to or reduced their stakes in the business. Strategic Financial Concepts LLC boosted its holdings in shares of Avantis U.S. Equity ETF by 11,619.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 19,954,274 shares of the company’s stock worth $21,023,000 after buying an additional 19,784,005 shares in the last quarter. Life Planning Partners Inc boosted its stake in Avantis U.S. Equity ETF by 9,594.1% during the fourth quarter. Life Planning Partners Inc now owns 953,900 shares of the company’s stock worth $92,000 after acquiring an additional 944,060 shares in the last quarter. Ridgeline Wealth LLC acquired a new stake in Avantis U.S. Equity ETF in the fourth quarter worth $26,663,000. Bridgewater Advisors Inc. grew its holdings in Avantis U.S. Equity ETF by 62.4% in the fourth quarter. Bridgewater Advisors Inc. now owns 512,944 shares of the company’s stock worth $49,853,000 after purchasing an additional 197,030 shares during the period. Finally, Tanager Wealth Management LLP raised its holdings in shares of Avantis U.S. Equity ETF by 76.4% during the fourth quarter. Tanager Wealth Management LLP now owns 416,248 shares of the company’s stock valued at $40,347,000 after purchasing an additional 180,271 shares during the period.

Avantis U.S. Equity ETF Price Performance

AVUS stock opened at $101.57 on Thursday. The company’s 50-day moving average is $99.32 and its 200-day moving average is $96.79. The stock has a market capitalization of $7.33 billion, a PE ratio of 17.22 and a beta of 1.00. Avantis U.S. Equity ETF has a 1 year low of $83.68 and a 1 year high of $102.23.

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.