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

Avantis U.S. Equity ETF (NYSEARCA:AVUS)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $127.34 and last traded at $127.04, with a volume of 339177 shares. The stock had previously closed at $127.01.

Avantis U.S. Equity ETF Trading Up 0.0%

The stock has a market cap of $12.69 billion, a PE ratio of 20.35 and a beta of 0.99. The company’s 50 day moving average is $118.69 and its 200-day moving average is $115.27.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Godfrey Financial Associates Inc. bought a new stake in shares of Avantis U.S. Equity ETF in the 4th quarter worth about $29,000. Brown Brothers Harriman & Co. bought a new stake in shares of Avantis U.S. Equity ETF in the 4th quarter worth about $29,000. EverSource Wealth Advisors LLC increased its position in shares of Avantis U.S. Equity ETF by 138.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 358 shares of the company’s stock worth $36,000 after purchasing an additional 208 shares during the last quarter. Monetary Solutions Ltd bought a new stake in shares of Avantis U.S. Equity ETF in the 4th quarter worth about $39,000. Finally, Federation des caisses Desjardins du Quebec bought a new stake in shares of Avantis U.S. Equity ETF in the 4th quarter worth about $39,000.

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.