Echo Wealth Management LLC Sells 495 Shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS)

Echo Wealth Management LLC cut its stake in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 0.6% in the fourth quarter, Holdings Channel reports. The firm owned 88,241 shares of the company’s stock after selling 495 shares during the quarter. Avantis U.S. Equity ETF accounts for approximately 5.9% of Echo Wealth Management LLC’s holdings, making the stock its 7th biggest holding. Echo Wealth Management LLC’s holdings in Avantis U.S. Equity ETF were worth $8,553,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AVUS. Global Trust Asset Management LLC grew its position 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 buying an additional 200 shares during the period. Fortitude Family Office LLC acquired a new position in Avantis U.S. Equity ETF during the third quarter valued at approximately $95,000. Global Wealth Strategies & Associates bought a new stake in Avantis U.S. Equity ETF in the fourth quarter valued at approximately $97,000. Empower Advisory Group LLC acquired a new stake in Avantis U.S. Equity ETF in the third quarter worth $202,000. Finally, Abacus Wealth Partners LLC bought a new position in shares of Avantis U.S. Equity ETF during the third quarter worth $203,000.

Avantis U.S. Equity ETF Stock Down 0.2 %

Shares of AVUS stock opened at $101.22 on Friday. The firm has a market capitalization of $7.30 billion, a price-to-earnings ratio of 17.22 and a beta of 1.00. Avantis U.S. Equity ETF has a 12-month low of $81.73 and a 12-month high of $102.23. The firm has a fifty day moving average of $99.44 and a 200-day moving average of $95.67.

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.