Freedom Financial Partners Adjusts Avantis U.S. Equity ETF Holdings

Freedom Financial Partners LLC has reduced its stake in the Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 18.9% during the third quarter of 2023. According to the firm’s recent filing with the Securities and Exchange Commission (SEC), Freedom Financial now holds 201,748 shares after selling 47,035 shares during this period. This adjustment positions Avantis U.S. Equity ETF as the second-largest holding in Freedom Financial’s portfolio, accounting for 8.4% of its total investments.

As of the latest SEC filing, Freedom Financial’s holdings in Avantis U.S. Equity ETF are valued at approximately $21.93 million. This significant stake illustrates the ETF’s importance within the firm’s investment strategy, despite the recent reduction in shares.

Other Institutional Moves

Several other institutional investors have also shifted their positions in Avantis U.S. Equity ETF recently. Brighton Jones LLC established a new position in the ETF in the fourth quarter, valued at $670,000. Meanwhile, Ieq Capital LLC increased its stake by 35% in the first quarter, now owning 6,388 shares valued at $590,000 after acquiring an additional 1,657 shares.

Baird Financial Group Inc. has similarly raised its holdings by 20.5%, bringing its total to 9,000 shares worth $831,000 following a purchase of 1,533 shares in the last quarter. Family Office Research LLC also boosted its position in the ETF by 18.6%, now holding 96,989 shares valued at $8.96 million after acquiring an additional 15,240 shares. Curi RMB Capital LLC increased its stake by 6%, now owning 6,338 shares worth $586,000 following the purchase of 361 shares.

Market Overview of Avantis U.S. Equity ETF

On Wednesday, Avantis U.S. Equity ETF opened at $112.70. The ETF currently boasts a market capitalization of $10.27 billion, with a price-to-earnings ratio of 20.35 and a beta of 1.02. Over the past year, the ETF has experienced a low of $79.20 and a high of $113.46. Its 50-day moving average stands at $110.68, while the 200-day moving average is at $106.84.

The Avantis U.S. Equity ETF, which was launched on September 24, 2019, is designed to track the Russell 3000 index and is actively managed by American Century Investments. It primarily focuses on U.S. equities across all market capitalizations, with an inclination towards smaller, more profitable, or value-oriented companies.

For those interested in the latest movements among institutional investors, detailed information is available through various financial platforms.