Avantis U.S. Equity ETF (NYSEARCA:AVUS) is Tortoise Investment Management LLC’s 3rd Largest Position

Tortoise Investment Management LLC lifted its position in Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 300,480 shares of the company’s stock after purchasing an additional 17,903 shares during the period. Avantis U.S. Equity ETF comprises 3.1% of Tortoise Investment Management LLC’s portfolio, making the stock its 3rd largest holding. Tortoise Investment Management LLC’s holdings in Avantis U.S. Equity ETF were worth $29,125,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AVUS. Atria Investments Inc purchased a new position in Avantis U.S. Equity ETF during the third quarter valued at $216,000. Proficio Capital Partners LLC purchased a new position in Avantis U.S. Equity ETF during the third quarter valued at $590,000. FMB Wealth Management grew its stake in Avantis U.S. Equity ETF by 2.8% during the third quarter. FMB Wealth Management now owns 113,733 shares of the company’s stock valued at $10,822,000 after acquiring an additional 3,123 shares in the last quarter. HTG Investment Advisors Inc. grew its stake in Avantis U.S. Equity ETF by 5.6% during the third quarter. HTG Investment Advisors Inc. now owns 165,834 shares of the company’s stock valued at $15,779,000 after acquiring an additional 8,746 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its stake in Avantis U.S. Equity ETF by 192.6% during the third quarter. Axxcess Wealth Management LLC now owns 66,331 shares of the company’s stock valued at $6,311,000 after acquiring an additional 43,660 shares in the last quarter.

Avantis U.S. Equity ETF Stock Performance

AVUS opened at $94.83 on Monday. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of 21.19 and a beta of 1.06. The company has a fifty day moving average of $98.94 and a 200 day moving average of $97.47. Avantis U.S. Equity ETF has a fifty-two week low of $84.26 and a fifty-two week 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.