Avantis U.S. Equity ETF (NYSEARCA:AVUS) Sets New 1-Year High – What’s Next?

Shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) reached a new 52-week high on Tuesday . The stock traded as high as $115.88 and last traded at $115.7720, with a volume of 25951 shares trading hands. The stock had previously closed at $115.34.

Avantis U.S. Equity ETF Trading Up 0.5%

The firm has a market cap of $11.04 billion, a price-to-earnings ratio of 20.35 and a beta of 1.02. The stock has a 50-day moving average of $112.35 and a 200-day moving average of $108.73.

Institutional Trading of Avantis U.S. Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its stake in shares of Avantis U.S. Equity ETF by 4.2% in the second quarter. Smartleaf Asset Management LLC now owns 2,421 shares of the company’s stock valued at $243,000 after buying an additional 97 shares in the last quarter. Vicus Capital lifted its stake in Avantis U.S. Equity ETF by 0.4% in the third quarter. Vicus Capital now owns 28,868 shares of the company’s stock valued at $3,138,000 after acquiring an additional 101 shares during the last quarter. RCS Financial Planning LLC lifted its holdings in Avantis U.S. Equity ETF by 4.0% during the 4th quarter. RCS Financial Planning LLC now owns 2,683 shares of the company’s stock valued at $300,000 after purchasing an additional 102 shares during the last quarter. Waterfront Wealth Inc. boosted its stake in Avantis U.S. Equity ETF by 0.7% in the 2nd quarter. Waterfront Wealth Inc. now owns 15,112 shares of the company’s stock valued at $1,524,000 after purchasing an additional 105 shares during the period. Finally, Physician Wealth Solutions Inc. raised its position in shares of Avantis U.S. Equity ETF by 0.3% in the fourth quarter. Physician Wealth Solutions Inc. now owns 36,970 shares of the company’s stock valued at $4,132,000 after buying an additional 107 shares in 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.