Raymond James Financial Inc. Makes New Investment in Avantis U.S. Equity ETF (NYSEARCA:AVUS)

Raymond James Financial Inc. purchased 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 13F filing with the Securities & Exchange Commission. The institutional investor purchased 545,465 shares of the company’s stock, valued at approximately $52,872,000. Raymond James Financial Inc. owned about 0.76% of Avantis U.S. Equity ETF as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Verdence Capital Advisors LLC bought a new position in shares of Avantis U.S. Equity ETF during the fourth quarter worth about $359,000. WMG Financial Advisors LLC grew its position in shares of Avantis U.S. Equity ETF by 4.4% during the fourth quarter. WMG Financial Advisors LLC now owns 464,016 shares of the company’s stock worth $44,977,000 after acquiring an additional 19,525 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Avantis U.S. Equity ETF by 37.1% during the fourth quarter. Jones Financial Companies Lllp now owns 7,196 shares of the company’s stock worth $698,000 after acquiring an additional 1,949 shares during the last quarter. Modera Wealth Management LLC grew its position in shares of Avantis U.S. Equity ETF by 2.8% during the fourth quarter. Modera Wealth Management LLC now owns 830,216 shares of the company’s stock worth $80,473,000 after acquiring an additional 22,600 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Avantis U.S. Equity ETF by 6.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,324 shares of the company’s stock worth $226,000 after acquiring an additional 138 shares during the last quarter.

Avantis U.S. Equity ETF Stock Performance

Avantis U.S. Equity ETF stock opened at $91.76 on Wednesday. The company has a 50-day simple moving average of $98.75 and a 200-day simple moving average of $97.46. The firm has a market capitalization of $7.50 billion, a P/E ratio of 21.19 and a beta of 1.06. Avantis U.S. Equity ETF has a one year low of $84.26 and a one 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.