Riverchase Wealth Management LLC Invests $1.48 Million in Avantis U.S. Equity ETF (NYSEARCA:AVUS)

Riverchase Wealth Management LLC purchased a new stake in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 15,257 shares of the company’s stock, valued at approximately $1,479,000. Avantis U.S. Equity ETF makes up approximately 1.1% of Riverchase Wealth Management LLC’s portfolio, making the stock its 19th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Strategic Financial Concepts LLC lifted its holdings in Avantis U.S. Equity ETF by 11,619.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 19,954,274 shares of the company’s stock worth $21,023,000 after purchasing an additional 19,784,005 shares in the last quarter. Annex Advisory Services LLC lifted its holdings in shares of Avantis U.S. Equity ETF by 5.0% in the fourth quarter. Annex Advisory Services LLC now owns 3,563,572 shares of the company’s stock worth $345,417,000 after buying an additional 169,636 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Avantis U.S. Equity ETF by 4.0% in the fourth quarter. American Century Companies Inc. now owns 3,229,740 shares of the company’s stock valued at $313,059,000 after acquiring an additional 124,726 shares during the period. Adero Partners LLC increased its holdings in Avantis U.S. Equity ETF by 8.6% during the 4th quarter. Adero Partners LLC now owns 1,567,202 shares of the company’s stock worth $151,909,000 after acquiring an additional 124,433 shares during the period. Finally, LPL Financial LLC lifted its stake in Avantis U.S. Equity ETF by 6.0% in the 4th quarter. LPL Financial LLC now owns 1,422,531 shares of the company’s stock worth $137,886,000 after purchasing an additional 80,265 shares in the last quarter.

Avantis U.S. Equity ETF Price Performance

AVUS opened at $93.78 on Friday. Avantis U.S. Equity ETF has a one year low of $84.26 and a one year high of $102.23. The firm has a market capitalization of $7.71 billion, a P/E ratio of 20.02 and a beta of 1.06. The company has a fifty day moving average price of $97.73 and a 200-day moving average price of $97.47.

Avantis U.S. Equity ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were issued a $0.2962 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

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.