Canvas Wealth Advisors LLC Invests $6.78 Million in Avantis U.S. Large Cap Equity ETF $AVLC

Canvas Wealth Advisors LLC purchased a new stake in Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 87,440 shares of the company’s stock, valued at approximately $6,781,000. Avantis U.S. Large Cap Equity ETF accounts for about 1.2% of Canvas Wealth Advisors LLC’s portfolio, making the stock its 22nd largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new position in shares of Avantis U.S. Large Cap Equity ETF in the 3rd quarter valued at approximately $2,995,000. Ridgeline Wealth LLC raised its stake in shares of Avantis U.S. Large Cap Equity ETF by 3.8% during the fourth quarter. Ridgeline Wealth LLC now owns 444,183 shares of the company’s stock worth $34,922,000 after purchasing an additional 16,422 shares during the last quarter. Networth Advisors LLC acquired a new stake in shares of Avantis U.S. Large Cap Equity ETF during the fourth quarter worth $18,804,000. Arcadia Investment Advisors LLC grew its position in Avantis U.S. Large Cap Equity ETF by 5.9% in the 4th quarter. Arcadia Investment Advisors LLC now owns 141,111 shares of the company’s stock valued at $11,094,000 after buying an additional 7,897 shares during the last quarter. Finally, Prosperity Planning Inc. grew its position in Avantis U.S. Large Cap Equity ETF by 5.8% in the 4th quarter. Prosperity Planning Inc. now owns 130,763 shares of the company’s stock valued at $10,281,000 after buying an additional 7,157 shares during the last quarter.

Avantis U.S. Large Cap Equity ETF Stock Performance

Shares of AVLC opened at $89.80 on Tuesday. The stock has a market capitalization of $1.33 billion, a P/E ratio of 22.04 and a beta of 1.01. The company’s fifty day moving average is $88.10 and its two-hundred day moving average is $82.96. Avantis U.S. Large Cap Equity ETF has a 1 year low of $70.94 and a 1 year high of $90.60.

Avantis U.S. Large Cap Equity ETF Company Profile

The Avantis U.S. Large Cap Equity ETF (AVLC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in US large-cap stocks of companies perceived to have high-growth characteristics and attractive valuations. The fund aims for long-term capital appreciation AVLC was launched on Sep 26, 2023 and is issued by American Century Investments.