Private Trust Co. Sells Shares in Avantis U.S. Equity ETF

Private Trust Co. NA has reduced its stake in the Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 1.8% during the second quarter of 2023. After selling 168 shares, the firm now holds a total of 9,019 shares valued at approximately $909,000. This decision reflects a broader trend among institutional investors regarding their positions in the fund.

Several other investment firms have also adjusted their holdings in Avantis U.S. Equity ETF. Notably, HB Wealth Management LLC significantly increased its stake by 218.1%, now owning 3,735,407 shares valued at $376,603,000 after acquiring an additional 2,561,165 shares in the last quarter. Similarly, American Century Companies Inc. raised its holdings by 7.2% in the first quarter, now owning 3,463,839 shares worth $319,989,000.

In the second quarter, Annex Advisory Services LLC also elevated its position in Avantis U.S. Equity ETF by 11.5%, bringing its total ownership to 2,585,372 shares valued at $260,657,000. LPL Financial LLC increased its stake by 51.1% during the first quarter, resulting in ownership of 2,149,684 shares worth $198,588,000 after purchasing an additional 727,153 shares. Maseco LLP made a notable entry into the ETF market with a new position valued at approximately $211,002,000 during the second quarter.

Current Performance of Avantis U.S. Equity ETF

As of the most recent trading session on Friday, shares of the Avantis U.S. Equity ETF opened at $107.82. The fund boasts a market capitalization of $9.74 billion, a price-to-earnings (P/E) ratio of 20.35, and a beta of 1.05. Over the past year, the ETF has seen a low of $79.20 and a high of $109.75. Its 50-day moving average stands at $107.11, while the 200-day moving average is $100.01.

About Avantis U.S. Equity ETF

The Avantis U.S. Equity ETF (AVUS) is designed to track the Russell 3000 index. Launched on September 24, 2019, the fund is actively managed and focuses on a portfolio of U.S. equities across all market capitalizations, with a preference for smaller, more profitable, or value-oriented companies. This strategy aims to capitalize on various market opportunities, providing investors with exposure to a diversified range of U.S. stocks.

For those interested in tracking further developments in the Avantis U.S. Equity ETF, HoldingsChannel.com offers the latest 13F filings and insider trades related to the ETF. Additionally, investors can sign up for a daily email summary of news and analyst ratings related to the fund and its peers.