Avantis U.S. Equity ETF (NYSEARCA:AVUS) Reaches New 1-Year High – Should You Buy?

Shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) reached a new 52-week high during trading on Monday . The stock traded as high as $128.91 and last traded at $128.91, with a volume of 60938 shares changing hands. The stock had previously closed at $127.60.

Avantis U.S. Equity ETF Price Performance

The stock has a market capitalization of $14.42 billion, a price-to-earnings ratio of 20.35 and a beta of 0.99. The business has a fifty day moving average of $127.23 and a 200 day moving average of $120.68.

Hedge Funds Weigh In On Avantis U.S. Equity ETF

Several large investors have recently modified their holdings of the business. Godfrey Financial Associates Inc. acquired a new stake in shares of Avantis U.S. Equity ETF during the 4th quarter worth about $29,000. Brown Brothers Harriman & Co. purchased a new position in Avantis U.S. Equity ETF during the fourth quarter worth about $29,000. Monetary Solutions Ltd purchased a new position in Avantis U.S. Equity ETF during the fourth quarter worth about $39,000. Federation des caisses Desjardins du Quebec purchased a new position in Avantis U.S. Equity ETF during the fourth quarter worth about $39,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Avantis U.S. Equity ETF by 138.7% during the second quarter. EverSource Wealth Advisors LLC now owns 358 shares of the company’s stock valued at $36,000 after acquiring an additional 208 shares during 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.