NewEdge Advisors LLC Increases Stock Position in Avantis U.S. Quality ETF $AVUQ

NewEdge Advisors LLC increased its holdings in Avantis U.S. Quality ETF (NASDAQ:AVUQ) by 34.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 164,235 shares of the company’s stock after buying an additional 42,141 shares during the period. NewEdge Advisors LLC’s holdings in Avantis U.S. Quality ETF were worth $10,840,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Orion Capital Management LLC grew its stake in Avantis U.S. Quality ETF by 24,600.0% in the 2nd quarter. Orion Capital Management LLC now owns 4,940 shares of the company’s stock valued at $326,000 after buying an additional 4,920 shares in the last quarter. Torren Management LLC lifted its position in shares of Avantis U.S. Quality ETF by 0.6% during the second quarter. Torren Management LLC now owns 195,207 shares of the company’s stock worth $12,884,000 after acquiring an additional 1,124 shares in the last quarter. Legacy Financial Group Inc. raised its stake in shares of Avantis U.S. Quality ETF by 14.5% during the 1st quarter. Legacy Financial Group Inc. now owns 13,710 shares of the company’s stock valued at $778,000 after purchasing an additional 1,738 shares during the period. Sankala Group LLC bought a new stake in shares of Avantis U.S. Quality ETF during the 4th quarter valued at $48,000. Finally, Haven Private LLC bought a new stake in shares of Avantis U.S. Quality ETF during the fourth quarter valued at about $695,000.

Avantis U.S. Quality ETF Trading Up 1.0%

AVUQ stock opened at $66.77 on Friday. The firm has a 50 day moving average of $66.51 and a 200-day moving average of $63.91. Avantis U.S. Quality ETF has a 12 month low of $54.65 and a 12 month high of $68.38. The firm has a market capitalization of $293.77 million, a P/E ratio of 29.10 and a beta of 1.16.

Avantis U.S. Quality ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Tuesday, September 8th were paid a $0.0428 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $0.17 annualized dividend and a yield of 0.3%.

About Avantis U.S. Quality ETF

​The Avantis U.S. Quality ETF (AVUQ) seeks long-term capital appreciation by investing primarily in a diverse group of U.S. companies across various market capitalizations, sectors, and industry groups. The fund emphasizes growth companies, aiming to provide investors with exposure to firms that exhibit strong growth potential.