Align Financial LLC Invests $4.02 Billion in Avantis U.S. Equity ETF $AVUS

Align Financial LLC purchased a new position in Avantis U.S. Equity ETF (NYSEARCA:AVUS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 36,006,016 shares of the company’s stock, valued at approximately $4,024,752,000. Avantis U.S. Equity ETF makes up about 18.1% of Align Financial LLC’s investment portfolio, making the stock its biggest holding. Align Financial LLC owned about 37.66% of Avantis U.S. Equity ETF as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in AVUS. Brighton Jones LLC bought a new stake in shares of Avantis U.S. Equity ETF in the 4th quarter worth approximately $670,000. EverSource Wealth Advisors LLC lifted its position in Avantis U.S. Equity ETF by 138.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 358 shares of the company’s stock valued at $36,000 after acquiring an additional 208 shares in the last quarter. First Trust Advisors LP lifted its position in Avantis U.S. Equity ETF by 140.4% in the 2nd quarter. First Trust Advisors LP now owns 15,448 shares of the company’s stock valued at $1,557,000 after acquiring an additional 9,022 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in Avantis U.S. Equity ETF by 17.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 964 shares of the company’s stock valued at $97,000 after acquiring an additional 144 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new position in Avantis U.S. Equity ETF in the 2nd quarter valued at approximately $1,901,000.

Avantis U.S. Equity ETF Trading Down 1.2%

AVUS stock opened at $126.26 on Thursday. The stock has a market capitalization of $12.61 billion, a PE ratio of 20.35 and a beta of 0.99. Avantis U.S. Equity ETF has a 12-month low of $97.00 and a 12-month high of $128.86. The stock’s 50 day simple moving average is $123.35 and its 200 day simple moving average is $117.14.

Avantis U.S. Equity ETF Company 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.