Freedom Financial Partners LLC has reduced its holdings in the Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 18.9% during the third quarter of 2023. According to the company’s recent disclosure to the U.S. Securities and Exchange Commission (SEC), the institutional investor now owns 201,748 shares, having sold 47,035 shares during this period. This adjustment positions the ETF as the firm’s second-largest holding, making up 8.4% of its total portfolio, valued at approximately $21.93 million.
The decision to cut back on Avantis U.S. Equity ETF comes as other institutional investors have also adjusted their positions. For instance, Brighton Jones LLC established a new stake in the ETF during the fourth quarter, valued at $670,000. Meanwhile, Ieq Capital LLC increased its holdings by 35.0% in the first quarter, bringing its total to 6,388 shares worth $590,000 after acquiring an additional 1,657 shares.
In the same vein, Baird Financial Group Inc. raised its position by 20.5% during the first quarter, now holding 9,000 shares valued at $831,000 after purchasing an extra 1,533 shares. Additionally, Family Office Research LLC boosted its stake by 18.6%, owning 96,989 shares valued at $8.96 million, following the acquisition of 15,240 shares in the last quarter. Finally, Curi RMB Capital LLC increased its holdings by 6.0%, now owning 6,338 shares valued at $586,000 after buying 361 shares.
Current Market Performance
As of Wednesday, Avantis U.S. Equity ETF opened at $112.70. The ETF has a market capitalization of approximately $10.27 billion, with a price-to-earnings ratio of 20.35 and a beta of 1.02. Over the past year, the ETF has seen a low of $79.20 and a high of $113.46. The latest figures indicate a 50-day moving average of $110.68 and a 200-day moving average of $106.84.
The Avantis U.S. Equity ETF is designed to track the Russell 3000 index and is actively managed by American Century Investments. The fund focuses on a diverse portfolio of U.S. equities, emphasizing smaller, more profitable, or value-oriented companies. Launched on September 24, 2019, it aims to provide investors with broad exposure to the U.S. equity market.
Investors and analysts interested in the latest trends and movements of the Avantis U.S. Equity ETF can visit HoldingsChannel.com for comprehensive details on hedge fund activities and 13F filings. For daily updates on news and analysts’ ratings for Avantis U.S. Equity ETF and related companies, individuals may subscribe to MarketBeat.com’s free daily email newsletter.
