Morris Financial Concepts Inc. Boosts Stake in Avantis U.S. Equity ETF (NYSEARCA:AVUS)

Morris Financial Concepts Inc. lifted its position in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 2.3% during the 4th quarter, HoldingsChannel reports. The fund owned 24,886 shares of the company’s stock after purchasing an additional 556 shares during the period. Avantis U.S. Equity ETF accounts for 1.0% of Morris Financial Concepts Inc.’s portfolio, making the stock its 16th biggest position. Morris Financial Concepts Inc.’s holdings in Avantis U.S. Equity ETF were worth $2,412,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of AVUS. Global Trust Asset Management LLC boosted its stake in shares of Avantis U.S. Equity ETF by 71.4% during the 3rd quarter. Global Trust Asset Management LLC now owns 480 shares of the company’s stock worth $46,000 after acquiring an additional 200 shares in the last quarter. Fortitude Family Office LLC acquired a new position in shares of Avantis U.S. Equity ETF during the 3rd quarter worth about $95,000. Global Wealth Strategies & Associates acquired a new position in shares of Avantis U.S. Equity ETF during the 4th quarter worth about $97,000. Empower Advisory Group LLC acquired a new position in shares of Avantis U.S. Equity ETF during the 3rd quarter worth about $202,000. Finally, Clarity Asset Management Inc. raised its position 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 purchasing an additional 197 shares during the last quarter.

Avantis U.S. Equity ETF Stock Down 0.5 %

AVUS opened at $99.98 on Thursday. Avantis U.S. Equity ETF has a twelve month low of $82.74 and a twelve month high of $102.23. The company has a 50-day moving average price of $99.37 and a 200 day moving average price of $96.41. The company has a market cap of $7.21 billion, a PE ratio of 17.22 and a beta of 1.00.

Avantis U.S. Equity ETF 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.