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

Avantis U.S. Equity ETF (NYSEARCA:AVUS)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $101.68 and last traded at $101.68, with a volume of 11799 shares. The stock had previously closed at $100.67.

Avantis U.S. Equity ETF Price Performance

The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of 17.22 and a beta of 1.00. The firm has a fifty day moving average of $96.46 and a 200 day moving average of $92.68.

Institutional Trading of Avantis U.S. Equity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ausdal Financial Partners Inc. grew its holdings in Avantis U.S. Equity ETF by 198.8% in the third quarter. Ausdal Financial Partners Inc. now owns 78,188 shares of the company’s stock valued at $7,440,000 after purchasing an additional 52,021 shares during the period. Hardin Capital Partners LLC acquired a new stake in Avantis U.S. Equity ETF in the second quarter valued at approximately $522,000. Raymond James & Associates grew its holdings in Avantis U.S. Equity ETF by 11.4% in the third quarter. Raymond James & Associates now owns 233,493 shares of the company’s stock valued at $22,217,000 after purchasing an additional 23,986 shares during the period. Brookstone Capital Management purchased a new position in shares of Avantis U.S. Equity ETF in the second quarter valued at approximately $231,000. Finally, Sunbelt Securities Inc. lifted its position in shares of Avantis U.S. Equity ETF by 6.3% in the second quarter. Sunbelt Securities Inc. now owns 9,545 shares of the company’s stock valued at $861,000 after acquiring an additional 564 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.