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

Morris Financial Concepts Inc. lifted its stake in Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,017 shares of the company’s stock after purchasing an additional 462 shares during the period. Avantis U.S. Equity ETF accounts for about 1.2% of Morris Financial Concepts Inc.’s investment portfolio, making the stock its 17th biggest holding. Morris Financial Concepts Inc.’s holdings in Avantis U.S. Equity ETF were worth $2,040,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. lifted its position in shares of Avantis U.S. Equity ETF by 10.2% in the 3rd quarter. American Century Companies Inc. now owns 2,683,666 shares of the company’s stock worth $196,605,000 after purchasing an additional 248,936 shares during the period. Allworth Financial LP increased its stake in shares of Avantis U.S. Equity ETF by 1.3% in the 4th quarter. Allworth Financial LP now owns 2,206,917 shares of the company’s stock worth $179,974,000 after acquiring an additional 27,426 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Avantis U.S. Equity ETF by 1.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,193,723 shares of the company’s stock worth $87,452,000 after acquiring an additional 15,480 shares in the last quarter. LPL Financial LLC increased its stake in shares of Avantis U.S. Equity ETF by 9.4% in the 3rd quarter. LPL Financial LLC now owns 1,186,785 shares of the company’s stock worth $86,944,000 after acquiring an additional 101,673 shares in the last quarter. Finally, RVW Wealth LLC increased its stake in shares of Avantis U.S. Equity ETF by 1.1% in the 4th quarter. RVW Wealth LLC now owns 1,126,813 shares of the company’s stock worth $91,892,000 after acquiring an additional 12,062 shares in the last quarter.

Avantis U.S. Equity ETF Stock Performance

Shares of Avantis U.S. Equity ETF stock traded down $1.28 during trading on Friday, hitting $86.77. The company’s stock had a trading volume of 224,893 shares, compared to its average volume of 273,418. The company has a fifty day simple moving average of $86.60 and a two-hundred day simple moving average of $80.39. The company has a market capitalization of $5.16 billion, a PE ratio of 13.74 and a beta of 1.05. Avantis U.S. Equity ETF has a 52 week low of $68.68 and a 52 week high of $89.65.

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.