Avantis U.S. Equity ETF (NYSEARCA:AVUS) Share Price Breaks Above 50-Day Moving Average – Time to Sell?

Avantis U.S. Equity ETF (NYSEARCA:AVUS)’s share price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $129.65 and traded as high as $130.00. Avantis U.S. Equity ETF shares last traded at $129.83, with a volume of 216,298 shares trading hands.

Avantis U.S. Equity ETF Stock Performance

The stock has a 50 day moving average price of $129.60 and a 200 day moving average price of $123.49. The company has a market capitalization of $14.67 billion, a P/E ratio of 20.35 and a beta of 1.00.

Institutional Trading of Avantis U.S. Equity ETF

Hedge funds have recently added to or reduced their stakes in the stock. RVW Wealth LLC bought a new position in Avantis U.S. Equity ETF in the 3rd quarter valued at $116,689,000. Simplicity Wealth LLC purchased a new position in shares of Avantis U.S. Equity ETF during the 3rd quarter valued at $93,246,000. SC&H Financial Advisors Inc. bought a new position in shares of Avantis U.S. Equity ETF in the third quarter worth $83,611,000. Gradient Investments LLC bought a new position in shares of Avantis U.S. Equity ETF in the third quarter worth $70,105,000. Finally, HB Wealth Management LLC raised its position in shares of Avantis U.S. Equity ETF by 9.4% in the first quarter. HB Wealth Management LLC now owns 5,744,706 shares of the company’s stock worth $638,692,000 after buying an additional 495,876 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.