Avantis U.S. Equity ETF (NYSEARCA:AVUS) Sees Large Volume Increase – Should You Buy?

Avantis U.S. Equity ETF (NYSEARCA:AVUS) shares saw unusually-high trading volume on Wednesday . Approximately 1,163,161 shares were traded during mid-day trading, an increase of 269% from the previous session’s volume of 315,449 shares.The stock last traded at $124.36 and had previously closed at $125.19.

Avantis U.S. Equity ETF Stock Down 0.9%

The firm has a market capitalization of $12.40 billion, a price-to-earnings ratio of 20.35 and a beta of 0.99. The company has a fifty day moving average price of $121.54 and a two-hundred day moving average price of $116.40.

Institutional Investors Weigh In On Avantis U.S. Equity ETF

Several large investors have recently modified their holdings of AVUS. Align Financial LLC acquired a new stake in shares of Avantis U.S. Equity ETF in the fourth quarter valued at approximately $4,024,752,000. Maseco LLP purchased a new stake in shares of Avantis U.S. Equity ETF during the first quarter worth approximately $259,864,000. Financial Plan Inc. purchased a new stake in shares of Avantis U.S. Equity ETF during the fourth quarter worth approximately $149,298,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Avantis U.S. Equity ETF by 145.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,750,845 shares of the company’s stock worth $195,709,000 after purchasing an additional 1,036,918 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of Avantis U.S. Equity ETF by 181.2% during the third quarter. Mercer Global Advisors Inc. ADV now owns 1,134,255 shares of the company’s stock worth $123,293,000 after purchasing an additional 730,960 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.