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

Shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) saw an uptick in trading volume on Thursday . 581,751 shares traded hands during mid-day trading, an increase of 81% from the previous session’s volume of 321,121 shares.The stock last traded at $116.56 and had previously closed at $117.46.

Avantis U.S. Equity ETF Stock Down 1.5%

The business’s 50-day moving average is $114.01 and its two-hundred day moving average is $109.83. The company has a market capitalization of $11.06 billion, a P/E ratio of 20.35 and a beta of 1.02.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. HB Wealth Management LLC lifted its holdings in Avantis U.S. Equity ETF by 10.2% during the fourth quarter. HB Wealth Management LLC now owns 5,248,830 shares of the company’s stock valued at $586,714,000 after purchasing an additional 486,787 shares during the last quarter. American Century Companies Inc. grew its position 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 valued at $388,172,000 after acquiring an additional 96,975 shares during the last quarter. Annex Advisory Services LLC grew its holdings in shares of Avantis U.S. Equity ETF by 1.3% during the 3rd quarter. Annex Advisory Services LLC now owns 2,619,704 shares of the company’s stock valued at $284,762,000 after purchasing an additional 34,332 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Avantis U.S. Equity ETF by 145.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,750,845 shares of the company’s stock worth $195,709,000 after buying an additional 1,036,918 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in Avantis U.S. Equity ETF by 1.1% during the 4th quarter. HighTower Advisors LLC now owns 1,676,917 shares of the company’s stock valued at $187,446,000 after acquiring an additional 17,827 shares during the period.

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.