Avantis U.S. Equity ETF (NYSEARCA:AVUS) Shares Break Above 50 Day Moving Average – Should You Sell?

Shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $129.65 and traded as high as $130.00. Avantis U.S. Equity ETF shares last traded at $129.83, with a volume of 216,298 shares changing hands.

Avantis U.S. Equity ETF Trading Up 0.3%

The firm has a 50 day moving average price of $129.65 and a 200-day moving average price of $123.35. The firm has a market cap of $14.90 billion, a PE ratio of 20.35 and a beta of 1.00.

Institutional Trading of Avantis U.S. Equity ETF

Hedge funds have recently added to or reduced their stakes in the company. Allodium Investment Consultants LLC lifted its stake in Avantis U.S. Equity ETF by 5.1% in the third quarter. Allodium Investment Consultants LLC now owns 1,650 shares of the company’s stock worth $211,000 after acquiring an additional 80 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Avantis U.S. Equity ETF by 0.3% in the 2nd quarter. NewEdge Advisors LLC now owns 25,333 shares of the company’s stock valued at $3,245,000 after purchasing an additional 81 shares during the last quarter. FAS Wealth Partners Inc. increased its position in shares of Avantis U.S. Equity ETF by 1.3% in the 1st quarter. FAS Wealth Partners Inc. now owns 7,604 shares of the company’s stock valued at $845,000 after purchasing an additional 95 shares during the last quarter. Oceanside Advisors LLC increased its position in shares of Avantis U.S. Equity ETF by 2.2% in the 1st quarter. Oceanside Advisors LLC now owns 4,996 shares of the company’s stock valued at $555,000 after purchasing an additional 109 shares during the last quarter. Finally, Modern Wealth Management LLC increased its position in shares of Avantis U.S. Equity ETF by 0.4% in the 1st quarter. Modern Wealth Management LLC now owns 26,334 shares of the company’s stock valued at $2,947,000 after purchasing an additional 117 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.