Avantis U.S. Equity ETF (NYSEARCA:AVUS) Hits New 52-Week High – What’s Next?

Avantis U.S. Equity ETF (NYSEARCA:AVUS)’s share price reached a new 52-week high on Monday . The stock traded as high as $115.20 and last traded at $115.1150, with a volume of 177563 shares trading hands. The stock had previously closed at $115.05.

Avantis U.S. Equity ETF Trading Up 0.1%

The company has a 50-day moving average price of $111.21 and a 200 day moving average price of $107.71. The stock has a market capitalization of $10.82 billion, a P/E ratio of 20.35 and a beta of 1.02.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. HB Wealth Management LLC raised its stake in shares of 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 valued at $376,603,000 after buying an additional 2,561,165 shares during the last quarter. Maseco LLP purchased a new position in Avantis U.S. Equity ETF during the second quarter worth approximately $211,002,000. Great Point Wealth Advisors LLC acquired a new stake in Avantis U.S. Equity ETF in the third quarter valued at approximately $122,327,000. Mercer Global Advisors Inc. ADV increased its position in shares of Avantis U.S. Equity ETF by 181.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 1,134,255 shares of the company’s stock valued at $123,293,000 after buying an additional 730,960 shares in the last quarter. Finally, Simplicity Wealth LLC grew its stake in 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 during the period.

Avantis U.S. Equity ETF Company Profile

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.