Avantis U.S. Equity ETF (NYSEARCA:AVUS) Hits New 1-Year High – Should You Buy?

Shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $95.85 and last traded at $95.79, with a volume of 14688 shares changing hands. The stock had previously closed at $95.47.

Avantis U.S. Equity ETF Stock Up 0.9 %

The stock has a market cap of $6.95 billion, a P/E ratio of 17.22 and a beta of 1.00. The stock has a fifty day simple moving average of $92.37 and a 200-day simple moving average of $90.37.

Institutional Trading of Avantis U.S. Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. McGlone Suttner Wealth Management Inc. boosted its holdings in Avantis U.S. Equity ETF by 2,221.3% in the third quarter. McGlone Suttner Wealth Management Inc. now owns 345,642 shares of the company’s stock valued at $32,888,000 after acquiring an additional 330,752 shares during the last quarter. Annex Advisory Services LLC raised its holdings in shares of Avantis U.S. Equity ETF by 25.0% in the 3rd quarter. Annex Advisory Services LLC now owns 3,393,936 shares of the company’s stock worth $322,933,000 after purchasing an additional 679,655 shares during the period. Silverlake Wealth Management LLC raised its holdings in Avantis U.S. Equity ETF by 0.4% during the 3rd quarter. Silverlake Wealth Management LLC now owns 30,319 shares of the company’s stock valued at $2,885,000 after acquiring an additional 106 shares during the period. Lion Street Advisors LLC increased its holdings in shares of Avantis U.S. Equity ETF by 4.3% in the third quarter. Lion Street Advisors LLC now owns 32,021 shares of the company’s stock worth $3,047,000 after purchasing an additional 1,326 shares during the period. Finally, Simplicity Wealth LLC increased its stake in Avantis U.S. Equity ETF by 837.3% in the third quarter. Simplicity Wealth LLC now owns 629,361 shares of the company’s stock valued at $59,884,000 after acquiring an additional 562,213 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.