Silverlake Wealth Management LLC Reduces Stock Holdings in Avantis U.S. Equity ETF (NYSEARCA:AVUS)

Silverlake Wealth Management LLC decreased its position in Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 2.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 29,698 shares of the company’s stock after selling 621 shares during the period. Avantis U.S. Equity ETF comprises about 1.1% of Silverlake Wealth Management LLC’s portfolio, making the stock its 12th biggest holding. Silverlake Wealth Management LLC’s holdings in Avantis U.S. Equity ETF were worth $2,879,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Raymond James & Associates lifted its position in shares of Avantis U.S. Equity ETF by 11.4% during the third quarter. Raymond James & Associates now owns 233,493 shares of the company’s stock worth $22,217,000 after acquiring an additional 23,986 shares in the last quarter. Atria Investments Inc purchased a new stake in shares of Avantis U.S. Equity ETF during the third quarter worth $216,000. Truist Financial Corp lifted its position in shares of Avantis U.S. Equity ETF by 85.5% during the second quarter. Truist Financial Corp now owns 5,399 shares of the company’s stock worth $487,000 after acquiring an additional 2,489 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in shares of Avantis U.S. Equity ETF by 55.6% during the third quarter. Foundations Investment Advisors LLC now owns 121,229 shares of the company’s stock worth $11,535,000 after acquiring an additional 43,317 shares in the last quarter. Finally, Alpha Financial Partners LLC purchased a new stake in shares of Avantis U.S. Equity ETF during the third quarter worth $8,814,000.

Avantis U.S. Equity ETF Price Performance

NYSEARCA:AVUS opened at $100.25 on Wednesday. The company has a market cap of $7.23 billion, a P/E ratio of 17.22 and a beta of 1.00. The stock’s fifty day moving average price is $99.50 and its two-hundred day moving average price is $96.04. Avantis U.S. Equity ETF has a 1 year low of $82.42 and a 1 year high of $102.23.

Avantis U.S. Equity ETF Company 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.