Avantis U.S. Equity ETF (NYSEARCA:AVUS) Sets New 52-Week High – Here’s What Happened

Avantis U.S. Equity ETF (NYSEARCA:AVUS) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $113.54 and last traded at $113.7210, with a volume of 47440 shares trading hands. The stock had previously closed at $112.55.

Avantis U.S. Equity ETF Stock Up 1.1%

The firm has a market capitalization of $10.66 billion, a PE ratio of 20.35 and a beta of 1.02. The company’s fifty day simple moving average is $110.85 and its 200 day simple moving average is $107.14.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. HB Wealth Management LLC grew its position in shares of Avantis U.S. Equity ETF by 27.5% in the 3rd quarter. HB Wealth Management LLC now owns 4,762,043 shares of the company’s stock worth $517,634,000 after buying an additional 1,026,636 shares during the period. American Century Companies Inc. boosted its stake in Avantis U.S. Equity ETF by 2.8% during the third quarter. American Century Companies Inc. now owns 3,571,038 shares of the company’s stock worth $388,172,000 after acquiring an additional 96,975 shares in the last quarter. Annex Advisory Services LLC grew its holdings in Avantis U.S. Equity ETF by 1.3% in the third quarter. Annex Advisory Services LLC now owns 2,619,704 shares of the company’s stock worth $284,762,000 after purchasing an additional 34,332 shares during the period. Maseco LLP purchased a new stake in Avantis U.S. Equity ETF in the second quarter worth about $211,002,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of Avantis U.S. Equity ETF by 2.2% during the second quarter. Envestnet Asset Management Inc. now owns 1,674,852 shares of the company’s stock valued at $168,859,000 after purchasing an additional 36,729 shares in 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.