MeadowBrook Investment Advisors LLC Invests $342,000 in Avantis U.S. Equity ETF (NYSEARCA:AVUS)

MeadowBrook Investment Advisors LLC acquired a new position in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 3,530 shares of the company’s stock, valued at approximately $342,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Strategic Financial Concepts LLC boosted its holdings in Avantis U.S. Equity ETF by 11,619.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 19,954,274 shares of the company’s stock valued at $21,023,000 after purchasing an additional 19,784,005 shares in the last quarter. Annex Advisory Services LLC raised its stake in shares of Avantis U.S. Equity ETF by 5.0% during the fourth quarter. Annex Advisory Services LLC now owns 3,563,572 shares of the company’s stock worth $345,417,000 after purchasing an additional 169,636 shares during the last quarter. Adero Partners LLC raised its stake in shares of Avantis U.S. Equity ETF by 8.6% during the fourth quarter. Adero Partners LLC now owns 1,567,202 shares of the company’s stock worth $151,909,000 after purchasing an additional 124,433 shares during the last quarter. LPL Financial LLC raised its stake in shares of Avantis U.S. Equity ETF by 7.8% during the third quarter. LPL Financial LLC now owns 1,342,266 shares of the company’s stock worth $127,717,000 after purchasing an additional 97,263 shares during the last quarter. Finally, Traphagen Investment Advisors LLC raised its stake in shares of Avantis U.S. Equity ETF by 1.1% during the fourth quarter. Traphagen Investment Advisors LLC now owns 1,169,356 shares of the company’s stock worth $113,346,000 after purchasing an additional 12,358 shares during the last quarter.

Avantis U.S. Equity ETF Stock Performance

NYSEARCA:AVUS opened at $100.51 on Wednesday. The stock has a fifty day moving average price of $99.40 and a two-hundred day moving average price of $96.35. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of 17.22 and a beta of 1.00. Avantis U.S. Equity ETF has a 1 year low of $82.74 and a 1 year high of $102.23.

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.