Landaas & Co. Acquires 2,142 Shares of Avantis U.S. Equity ETF

Landaas & Co. has strengthened its investment portfolio by acquiring 2,142 shares of the Avantis U.S. Equity ETF (NYSEARCA: AVUS) during the second quarter of 2023. The purchase, valued at approximately $216,000, was reported in the company’s recent filing with the Securities and Exchange Commission (SEC). This move reflects a growing interest in the fund among institutional investors and hedge funds.

Other notable investors have also increased their stakes in the Avantis U.S. Equity ETF. Brighton Jones LLC entered the market with a new investment worth $670,000 in the fourth quarter. Meanwhile, Sigma Planning Corp raised its holdings by 5.0% in the first quarter, now owning 3,956 shares valued at $365,000 after acquiring an additional 188 shares. Similarly, Wealthfront Advisers LLC boosted its investment by 6.7%, holding 12,100 shares worth approximately $1,118,000 after adding 755 shares.

Another significant player, FAS Wealth Partners Inc., reported a remarkable increase of 233.2% in its position during the first quarter, now owning 9,958 shares valued at $920,000. Additionally, Integrity Investment Advisors LLC made a substantial new stake in the ETF, valued at about $5,702,000.

Market Performance of Avantis U.S. Equity ETF

On Monday, shares of the Avantis U.S. Equity ETF opened at $109.09. The fund has a market capitalization of $9.94 billion and a price-to-earnings ratio of 20.35, with a beta of 1.02. Over the past year, the stock has seen a low of $79.20 and a high of $111.62. Its 50-day simple moving average stands at $108.86, while the 200-day simple moving average is at $103.42.

Overview of Avantis U.S. Equity ETF

The Avantis U.S. Equity ETF is designed to track the Russell 3000 index, encompassing a diverse portfolio of U.S. equities across various market capitalizations. The fund emphasizes investments in smaller, more profitable, or value-oriented companies. Launched on September 24, 2019, it is managed by American Century Investments, which specializes in actively managed investment solutions.

In summary, Landaas & Co.’s acquisition reflects a broader trend of institutional interest in the Avantis U.S. Equity ETF, as various firms enhance their stakes amid a competitive investment landscape.