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

Avantis U.S. Equity ETF (NYSEARCA:AVUS)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $118.29 and last traded at $118.29, with a volume of 121393 shares changing hands. The stock had previously closed at $117.17.

Avantis U.S. Equity ETF Trading Up 0.9%

The stock has a 50 day moving average of $114.29 and a 200-day moving average of $112.34. The stock has a market capitalization of $11.67 billion, a P/E ratio of 20.35 and a beta of 1.00.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Diversified Portfolios Inc. raised its stake in shares of Avantis U.S. Equity ETF by 1.6% during the fourth quarter. Diversified Portfolios Inc. now owns 5,895 shares of the company’s stock valued at $659,000 after acquiring an additional 90 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Avantis U.S. Equity ETF by 4.2% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,421 shares of the company’s stock worth $243,000 after buying an additional 97 shares in the last quarter. Vicus Capital increased its stake in shares of Avantis U.S. Equity ETF by 0.4% during the third quarter. Vicus Capital now owns 28,868 shares of the company’s stock valued at $3,138,000 after buying an additional 101 shares during the period. RCS Financial Planning LLC raised its holdings in shares of Avantis U.S. Equity ETF by 4.0% in the fourth quarter. RCS Financial Planning LLC now owns 2,683 shares of the company’s stock valued at $300,000 after acquiring an additional 102 shares in the last quarter. Finally, Physician Wealth Solutions Inc. raised its holdings in shares of Avantis U.S. Equity ETF by 0.3% in the fourth quarter. Physician Wealth Solutions Inc. now owns 36,970 shares of the company’s stock valued at $4,132,000 after acquiring an additional 107 shares in 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.