Quantum Financial Advisors LLC has significantly increased its investment in the Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 7.4% during the third quarter of this year. According to Holdings Channel, this brings the firm’s total holdings to 1,190,992 shares, following the purchase of an additional 82,076 shares during the reporting period. As a result, Avantis U.S. Equity ETF now constitutes approximately 15.8% of Quantum Financial Advisors’ overall holdings, making it the firm’s largest investment, valued at about $129.5 million.
Several other institutional investors have also adjusted their positions in Avantis U.S. Equity ETF recently. For instance, during the second quarter, Harbor Asset Planning Inc. initiated a new position valued at approximately $29,000. EverSource Wealth Advisors LLC made a notable increase of 138.7% in its stake, now holding 358 shares worth $36,000 after acquiring an additional 208 shares. Additionally, Promus Capital LLC entered the scene by purchasing a new position valued at around $48,000. Asset Dedication LLC similarly boosted its holdings by 67.7%, now owning 845 shares valued at $85,000. Evolution Wealth Management Inc. also acquired a new position worth approximately $95,000 in the second quarter.
Current Market Performance
As of Thursday, shares of the Avantis U.S. Equity ETF opened at $110.21. The ETF has experienced a 52-week range, with a low of $79.20 and a high of $113.46. The fund’s 50-day moving average stands at $109.85, while its 200-day moving average is $105.84. The ETF currently boasts a market capitalization of $10.04 billion, a price-to-earnings ratio of 20.35, and a beta of 1.02.
The Avantis U.S. Equity ETF, which was launched on September 24, 2019, is designed to track the Russell 3000 index. It comprises a diverse portfolio of U.S. equities across all market capitalizations, with an emphasis on smaller, more profitable, or value-oriented companies. The fund is managed by American Century Investments.
Investors seeking further insights into Avantis U.S. Equity ETF and its recent activity can visit HoldingsChannel.com for the latest 13F filings and insider trades. The platform offers a daily email newsletter that summarizes the latest news and analyst ratings related to Avantis U.S. Equity ETF and similar investment opportunities.
