Avantis U.S. Equity ETF (NYSEARCA:AVUS) Hits New 52-Week High – Should You Buy?

Avantis U.S. Equity ETF (NYSEARCA:AVUS)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $112.68 and last traded at $112.9720, with a volume of 232345 shares trading hands. The stock had previously closed at $111.68.

Avantis U.S. Equity ETF Trading Up 1.1%

The stock has a market capitalization of $10.28 billion, a price-to-earnings ratio of 20.35 and a beta of 1.02. The company’s 50 day moving average is $109.51 and its 200 day moving average is $105.24.

Institutional Trading of Avantis U.S. Equity ETF

Several institutional investors and hedge funds have recently made changes to their positions in AVUS. Smartleaf Asset Management LLC grew its position in Avantis U.S. Equity ETF by 4.2% during the second quarter. Smartleaf Asset Management LLC now owns 2,421 shares of the company’s stock worth $243,000 after buying an additional 97 shares during the period. Vicus Capital grew its holdings in shares of Avantis U.S. Equity ETF by 0.4% in the 3rd quarter. Vicus Capital now owns 28,868 shares of the company’s stock worth $3,138,000 after acquiring an additional 101 shares during the period. Waterfront Wealth Inc. increased its stake in Avantis U.S. Equity ETF by 0.7% in the 2nd quarter. Waterfront Wealth Inc. now owns 15,112 shares of the company’s stock valued at $1,524,000 after purchasing an additional 105 shares in the last quarter. Triune Financial Partners LLC increased its stake in Avantis U.S. Equity ETF by 0.3% in the 1st quarter. Triune Financial Partners LLC now owns 33,914 shares of the company’s stock valued at $3,133,000 after purchasing an additional 106 shares in the last quarter. Finally, Avestar Capital LLC raised its holdings in Avantis U.S. Equity ETF by 2.2% during the second quarter. Avestar Capital LLC now owns 5,656 shares of the company’s stock worth $570,000 after purchasing an additional 121 shares during the last quarter.

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.