Fonville Wealth Management LLC Purchases New Position in Avantis U.S. Equity ETF (NYSEARCA:AVUS)

Fonville Wealth Management LLC purchased a new stake in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 72,919 shares of the company’s stock, valued at approximately $5,947,000. Avantis U.S. Equity ETF makes up about 3.2% of Fonville Wealth Management LLC’s portfolio, making the stock its 8th largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AVUS. Goldman Sachs Group Inc. bought a new position in Avantis U.S. Equity ETF during the first quarter valued at approximately $3,066,000. First Republic Investment Management Inc. raised its position in Avantis U.S. Equity ETF by 303.6% during the first quarter. First Republic Investment Management Inc. now owns 305,217 shares of the company’s stock valued at $23,532,000 after purchasing an additional 229,590 shares during the period. Jane Street Group LLC raised its position in Avantis U.S. Equity ETF by 241.4% during the first quarter. Jane Street Group LLC now owns 72,485 shares of the company’s stock valued at $5,589,000 after purchasing an additional 51,251 shares during the period. Wealthfront Advisers LLC purchased a new stake in Avantis U.S. Equity ETF during the first quarter valued at approximately $261,000. Finally, Renaissance Technologies LLC purchased a new stake in Avantis U.S. Equity ETF during the second quarter valued at approximately $963,000.

Avantis U.S. Equity ETF Stock Performance

AVUS stock traded down $0.15 during midday trading on Thursday, reaching $84.81. 218,272 shares of the company traded hands, compared to its average volume of 273,137. Avantis U.S. Equity ETF has a 52-week low of $68.68 and a 52-week high of $89.65. The business has a 50 day moving average of $86.79 and a 200-day moving average of $80.79. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 17.12 and a beta of 1.05.

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.