Lane Brothers & Co. Inc. Reduces Stock Holdings in Avantis U.S. Equity ETF $AVUS

Lane Brothers & Co. Inc. reduced its stake in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 9.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,715 shares of the company’s stock after selling 4,459 shares during the quarter. Avantis U.S. Equity ETF accounts for approximately 3.4% of Lane Brothers & Co. Inc.’s holdings, making the stock its 8th biggest position. Lane Brothers & Co. Inc.’s holdings in Avantis U.S. Equity ETF were worth $4,638,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Godfrey Financial Associates Inc. acquired a new position in shares of Avantis U.S. Equity ETF during the fourth quarter valued at about $29,000. Brown Brothers Harriman & Co. bought a new stake in shares of Avantis U.S. Equity ETF in the fourth quarter valued at about $29,000. EverSource Wealth Advisors LLC grew its position in Avantis U.S. Equity ETF by 138.7% during the second quarter. EverSource Wealth Advisors LLC now owns 358 shares of the company’s stock worth $36,000 after buying an additional 208 shares in the last quarter. Federation des caisses Desjardins du Quebec acquired a new stake in Avantis U.S. Equity ETF during the fourth quarter worth about $39,000. Finally, Monetary Solutions Ltd bought a new position in Avantis U.S. Equity ETF during the fourth quarter valued at about $39,000.

Avantis U.S. Equity ETF Stock Up 0.2%

Shares of AVUS opened at $128.51 on Thursday. Avantis U.S. Equity ETF has a 12-month low of $100.71 and a 12-month high of $128.86. The firm has a market capitalization of $13.93 billion, a price-to-earnings ratio of 20.35 and a beta of 0.99. The stock’s 50-day moving average price is $126.51 and its 200 day moving average price is $119.31.

About Avantis U.S. Equity ETF

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.