Dynamic Advisor Solutions Trims Position in Avantis U.S. Equity ETF

Dynamic Advisor Solutions LLC, an investment firm, has downscaled its investment in the Avantis U.S. Equity ETF (AVUS) by selling shares in the fourth quarter. The firm divested 1,464 shares, which diminished its holding by 22.2%, leaving it with a total of 5,143 shares. At quarter's end, these shares held a market value of approximately $412,000.

Hedge Fund Activity

The change in stake by Dynamic Advisor Solutions is part of a broader pattern of trading activity by hedge funds and institutional investors. Notably, several other entities have made movements in their AVUS positions, indicating an active interest in the U.S. equity market. Citigroup Inc. initiated a position in the first quarter, investing $27,000, while Deutsche Bank AG and Comerica Bank entered during the third quarter with stakes valued at $42,000 and $63,000, respectively. Lindbrook Capital LLC and Sound Income Strategies LLC have also recently opened positions worth $88,000 and $207,000 in this ETF.

Performance Metrics

The Avantis U.S. Equity ETF, which trades under the ticker AVUS on the NYSEARCA, demonstrated a stable market performance. With an opening price of $88.64, the ETF boasts a market capitalization of $5.27 billion. It has a price-to-earnings (P/E) ratio of 13.74 and exhibits a beta of 1.05. The ETF operates with a 50-day simple moving average of $84.70 and a 200-day equivalent of $79.12. AVUS recorded a one-year low of $66.96 and peaked at $89.21.

About AVUS

AVUS represents an actively managed assortment of U.S. equities, guided by the Russell 3000 index. The portfolio leans towards smaller, value-oriented, and more profitable companies. Launched on September 24, 2019, it is managed by American Century Investments, reflecting a strategic approach to U.S. equity investment.

DynamicAdvisorSolutions, Avantis, ETF