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

Avantis U.S. Equity ETF (NYSEARCA:AVUS) shares saw strong trading volume on Wednesday . 1,163,161 shares traded hands during trading, an increase of 269% from the previous session’s volume of 315,449 shares.The stock last traded at $124.36 and had previously closed at $125.19.

Avantis U.S. Equity ETF Stock Down 0.9%

The firm has a market capitalization of $12.40 billion, a price-to-earnings ratio of 20.35 and a beta of 0.99. The stock has a 50-day moving average price of $121.54 and a 200 day moving average price of $116.40.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AVUS. Brighton Jones LLC acquired a new position in Avantis U.S. Equity ETF in the fourth quarter valued at approximately $670,000. EverSource Wealth Advisors LLC boosted its holdings in Avantis U.S. Equity ETF by 138.7% in the second quarter. EverSource Wealth Advisors LLC now owns 358 shares of the company’s stock valued at $36,000 after purchasing an additional 208 shares in the last quarter. First Trust Advisors LP boosted its holdings in Avantis U.S. Equity ETF by 140.4% in the second quarter. First Trust Advisors LP now owns 15,448 shares of the company’s stock valued at $1,557,000 after purchasing an additional 9,022 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in Avantis U.S. Equity ETF by 17.6% in the second quarter. Qube Research & Technologies Ltd now owns 964 shares of the company’s stock valued at $97,000 after purchasing an additional 144 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new position in Avantis U.S. Equity ETF in the second quarter valued at approximately $1,901,000.

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.