Private Trust Co. NA Adjusts Stake in Avantis U.S. Equity ETF

Private Trust Co. NA has reduced its investment in the Avantis U.S. Equity ETF (NYSEARCA: AVUS) by 1.8% during the second quarter of 2023, according to Holdings Channel. Following this adjustment, the firm holds 9,019 shares of the ETF, valued at approximately $909,000 at the close of the reporting period after selling 168 shares.

Several other institutional investors have also made significant changes to their positions in the Avantis U.S. Equity ETF. Notably, HB Wealth Management LLC increased its stake by an impressive 218.1% in the same quarter, now owning 3,735,407 shares valued at $376.6 million after acquiring an additional 2,561,165 shares.

American Century Companies Inc. also expanded its holdings by 7.2% in the first quarter, bringing its total to 3,463,839 shares worth $320 million after an increase of 234,099 shares. Meanwhile, Annex Advisory Services LLC raised its position by 11.5% in the second quarter, now holding 2,585,372 shares valued at $260.7 million.

Furthermore, LPL Financial LLC raised its stake by 51.1% in the first quarter, now possessing 2,149,684 shares valued at $198.6 million after purchasing an additional 727,153 shares. Lastly, Maseco LLP entered into the Avantis U.S. Equity ETF market with a new position valued at around $211 million during the second quarter.

Performance Overview of Avantis U.S. Equity ETF

As of the latest trading session, shares of the Avantis U.S. Equity ETF opened at $107.82. The fund boasts a market capitalization of approximately $9.74 billion, with 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. The firm’s 50-day moving average price stands at $107.11, while its 200-day moving average price is $100.01.

Background on Avantis U.S. Equity ETF

The Avantis U.S. Equity ETF (AVUS) is designed to track the Russell 3000 index and is actively managed by American Century Investments. Launched on September 24, 2019, the fund focuses on U.S. equities across all market capitalizations, with a preference for smaller, more profitable, or value-oriented companies.

Investors and analysts interested in the latest updates regarding the Avantis U.S. Equity ETF can visit Holdings Channel for comprehensive insights, including the latest 13F filings and insider trades.