GEM Asset Management LLC Cuts Holdings in Avantis U.S. Equity ETF (NYSEARCA:AVUS)

GEM Asset Management LLC cut its holdings in Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,168 shares of the company’s stock after selling 116 shares during the quarter. GEM Asset Management LLC’s holdings in Avantis U.S. Equity ETF were worth $210,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Global Trust Asset Management LLC increased its holdings in Avantis U.S. Equity ETF by 71.4% in the third quarter. Global Trust Asset Management LLC now owns 480 shares of the company’s stock valued at $46,000 after buying an additional 200 shares in the last quarter. Fortitude Family Office LLC purchased a new position in Avantis U.S. Equity ETF in the 3rd quarter valued at approximately $95,000. Global Wealth Strategies & Associates acquired a new position in Avantis U.S. Equity ETF during the fourth quarter worth $97,000. Empower Advisory Group LLC purchased a new stake in Avantis U.S. Equity ETF during the third quarter worth $202,000. Finally, Clarity Asset Management Inc. raised its stake in shares of Avantis U.S. Equity ETF by 10.1% during the 3rd quarter. Clarity Asset Management Inc. now owns 2,149 shares of the company’s stock worth $204,000 after buying an additional 197 shares during the last quarter.

Avantis U.S. Equity ETF Trading Up 0.1 %

Shares of NYSEARCA AVUS opened at $100.51 on Wednesday. The company’s 50-day moving average price is $99.40 and its 200 day moving average price is $96.35. Avantis U.S. Equity ETF has a 52 week low of $82.74 and a 52 week high of $102.23. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 17.22 and a beta of 1.00.

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.