Avantis U.S. Equity ETF (NYSEARCA:AVUS) Sets New 12-Month High – Still a Buy?

Avantis U.S. Equity ETF (NYSEARCA:AVUS)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $109.28 and last traded at $109.16, with a volume of 214009 shares traded. The stock had previously closed at $108.80.

Avantis U.S. Equity ETF Stock Up 0.3%

The firm has a 50 day moving average price of $105.06 and a 200 day moving average price of $98.03. The stock has a market cap of $9.59 billion, a P/E ratio of 20.35 and a beta of 1.05.

Institutional Trading of Avantis U.S. Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in AVUS. Assetmark Inc. bought a new stake in Avantis U.S. Equity ETF during the 1st quarter valued at approximately $25,000. Iron Horse Wealth Management LLC bought a new stake in Avantis U.S. Equity ETF during the 1st quarter valued at approximately $27,000. Harbor Asset Planning Inc. bought a new stake in Avantis U.S. Equity ETF during the 2nd quarter valued at approximately $29,000. EverSource Wealth Advisors LLC raised its stake in 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 period. Finally, Promus Capital LLC bought a new stake in Avantis U.S. Equity ETF during the 2nd quarter valued at approximately $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.