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

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

Avantis U.S. Equity ETF Trading Up 0.3%

The stock has a market capitalization of $11.08 billion, a price-to-earnings ratio of 20.35 and a beta of 1.02. The firm’s 50 day simple moving average is $112.69 and its 200-day simple moving average is $108.87.

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

Institutional investors have recently added to or reduced their stakes in the company. HB Wealth Management LLC raised its holdings in shares of Avantis U.S. Equity ETF by 10.2% in the 4th 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 period. American Century Companies Inc. increased its holdings in shares of Avantis U.S. Equity ETF by 2.8% in the third quarter. American Century Companies Inc. now owns 3,571,038 shares of the company’s stock valued at $388,172,000 after purchasing an additional 96,975 shares during the last quarter. Annex Advisory Services LLC lifted its stake 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 worth $284,762,000 after buying an additional 34,332 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Avantis U.S. Equity ETF by 2.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,674,852 shares of the company’s stock worth $168,859,000 after buying an additional 36,729 shares during the period. Finally, HighTower Advisors LLC grew its stake in Avantis U.S. Equity ETF by 1.3% in the 3rd quarter. HighTower Advisors LLC now owns 1,659,090 shares of the company’s stock valued at $180,347,000 after buying an additional 21,152 shares during the last quarter.

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.