Avantis U.S. Equity ETF (NYSEARCA:AVUS) Sets New 12-Month High – Still a Buy?

Avantis U.S. Equity ETF (NYSEARCA:AVUS) hit a new 52-week high on Tuesday . The stock traded as high as $120.96 and last traded at $120.85, with a volume of 12600 shares traded. The stock had previously closed at $120.41.

Avantis U.S. Equity ETF Price Performance

The company has a market capitalization of $11.99 billion, a P/E ratio of 20.35 and a beta of 1.00. The business has a 50 day simple moving average of $114.70 and a 200-day simple moving average of $112.84.

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

A number of institutional investors and hedge funds have recently modified their holdings of AVUS. Tranquility Partners LLC raised its holdings in Avantis U.S. Equity ETF by 1.9% during the 1st quarter. Tranquility Partners LLC now owns 4,704 shares of the company’s stock worth $523,000 after buying an additional 89 shares during the period. Diversified Portfolios Inc. lifted its position in shares of Avantis U.S. Equity ETF by 1.6% in the 4th 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 boosted its stake in Avantis U.S. Equity ETF by 4.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,421 shares of the company’s stock worth $243,000 after purchasing an additional 97 shares during the period. Vicus Capital grew its position in Avantis U.S. Equity ETF by 0.4% during the 3rd quarter. Vicus Capital now owns 28,868 shares of the company’s stock worth $3,138,000 after purchasing an additional 101 shares in the last quarter. Finally, RCS Financial Planning LLC lifted 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 purchasing an additional 102 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.