Tanager Wealth Management LLP Invests $9.23 Million in Avantis U.S. Equity ETF (NYSEARCA:AVUS)

Tanager Wealth Management LLP acquired a new stake in Avantis U.S. Equity ETF (NYSEARCA:AVUS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 113,146 shares of the company’s stock, valued at approximately $9,227,000. Avantis U.S. Equity ETF makes up 1.7% of Tanager Wealth Management LLP’s investment portfolio, making the stock its 18th largest position. Tanager Wealth Management LLP owned about 0.19% of Avantis U.S. Equity ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. purchased a new position in shares of Avantis U.S. Equity ETF in the first quarter valued at $27,000. Deutsche Bank AG purchased a new position in Avantis U.S. Equity ETF during the 3rd quarter valued at about $42,000. Comerica Bank acquired a new position in Avantis U.S. Equity ETF during the third quarter worth about $63,000. Lindbrook Capital LLC purchased a new stake in shares of Avantis U.S. Equity ETF in the third quarter valued at about $88,000. Finally, Salem Investment Counselors Inc. purchased a new stake in shares of Avantis U.S. Equity ETF in the fourth quarter valued at about $139,000.

Avantis U.S. Equity ETF Stock Down 0.3 %

Shares of AVUS traded down $0.23 during mid-day trading on Friday, reaching $84.59. 255,594 shares of the company’s stock were exchanged, compared to its average volume of 272,905. Avantis U.S. Equity ETF has a 52-week low of $68.68 and a 52-week high of $89.65. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 17.12 and a beta of 1.05. The company has a 50-day simple moving average of $86.81 and a two-hundred day simple moving average of $80.82.

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.