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

Avantis U.S. Equity ETF (NYSEARCA:AVUS) reached a new 52-week high on Friday . The company traded as high as $109.51 and last traded at $109.46, with a volume of 25564 shares changing hands. The stock had previously closed at $109.13.

Avantis U.S. Equity ETF Stock Up 0.1%

The business has a fifty day simple moving average of $106.10 and a two-hundred day simple moving average of $98.99. The company has a market capitalization of $9.85 billion, a price-to-earnings ratio of 20.35 and a beta of 1.05.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of AVUS. Brighton Jones LLC acquired a new stake in Avantis U.S. Equity ETF during the 4th quarter valued at $670,000. Ridgeline Wealth LLC increased its holdings in Avantis U.S. Equity ETF by 6.0% during the 1st quarter. Ridgeline Wealth LLC now owns 291,490 shares of the company’s stock valued at $26,928,000 after purchasing an additional 16,410 shares in the last quarter. Buttonwood Financial Group LLC increased its holdings in Avantis U.S. Equity ETF by 6.0% during the 1st quarter. Buttonwood Financial Group LLC now owns 225,949 shares of the company’s stock valued at $19,371,000 after purchasing an additional 12,761 shares in the last quarter. LexAurum Advisors LLC increased its holdings in Avantis U.S. Equity ETF by 18.8% during the 1st quarter. LexAurum Advisors LLC now owns 168,194 shares of the company’s stock valued at $15,538,000 after purchasing an additional 26,666 shares in the last quarter. Finally, Rockwood Wealth Management LLC increased its holdings in Avantis U.S. Equity ETF by 7.1% during the 1st quarter. Rockwood Wealth Management LLC now owns 387,744 shares of the company’s stock valued at $35,820,000 after purchasing an additional 25,763 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.