Avantis U.S. Equity ETF (NYSEARCA:AVUS) Hits New 12-Month High – Should You Buy?

Avantis U.S. Equity ETF (NYSEARCA:AVUS) hit a new 52-week high on Monday . The stock traded as high as $117.42 and last traded at $116.9140, with a volume of 332529 shares trading hands. The stock had previously closed at $114.82.

Avantis U.S. Equity ETF Trading Up 0.4%

The stock has a market capitalization of $11.25 billion, a P/E ratio of 20.35 and a beta of 1.02. The business has a fifty day simple moving average of $113.65 and a 200 day simple moving average of $109.59.

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

A number of hedge funds and other institutional investors have recently modified their holdings of AVUS. Harbor Asset Planning Inc. bought a new stake in Avantis U.S. Equity ETF during the second quarter worth $29,000. EverSource Wealth Advisors LLC increased its position in shares of Avantis U.S. Equity ETF by 138.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 358 shares of the company’s stock valued at $36,000 after purchasing an additional 208 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Avantis U.S. Equity ETF by 151.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 394 shares of the company’s stock worth $43,000 after purchasing an additional 237 shares during the period. Trust Co. of Vermont bought a new stake in shares of Avantis U.S. Equity ETF during the 3rd quarter worth $51,000. Finally, Promus Capital LLC purchased a new position in shares of Avantis U.S. Equity ETF in the 2nd quarter worth about $48,000.

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.