Avantis U.S. Equity ETF (NYSEARCA:AVUS) Sets New 1-Year High – Time to Buy?

Avantis U.S. Equity ETF (NYSEARCA:AVUS)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $109.51 and last traded at $109.46, with a volume of 25564 shares. The stock had previously closed at $109.13.

Avantis U.S. Equity ETF Trading Up 0.1%

The firm has a market cap of $9.85 billion, a price-to-earnings ratio of 20.35 and a beta of 1.05. The company has a 50 day moving average of $106.10 and a 200 day moving average of $98.99.

Institutional Trading of Avantis U.S. Equity ETF

Hedge funds have recently added to or reduced their stakes in the business. HB Wealth Management LLC increased its holdings in Avantis U.S. Equity ETF by 218.1% during the 2nd quarter. HB Wealth Management LLC now owns 3,735,407 shares of the company’s stock worth $376,603,000 after purchasing an additional 2,561,165 shares in the last quarter. Maseco LLP bought a new position in shares of Avantis U.S. Equity ETF in the 2nd quarter valued at about $211,002,000. LPL Financial LLC grew its holdings in shares of Avantis U.S. Equity ETF by 51.1% in the 1st quarter. LPL Financial LLC now owns 2,149,684 shares of the company’s stock valued at $198,588,000 after acquiring an additional 727,153 shares in the last quarter. Simplicity Wealth LLC grew its holdings in shares of Avantis U.S. Equity ETF by 111.9% in the 2nd quarter. Simplicity Wealth LLC now owns 1,359,030 shares of the company’s stock valued at $137,017,000 after acquiring an additional 717,634 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Avantis U.S. Equity ETF by 151.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,076,711 shares of the company’s stock valued at $99,467,000 after acquiring an additional 649,341 shares in the last quarter.

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.