Avantis U.S. Equity ETF (NYSEARCA:AVUS) Hits New 52-Week High – Still a Buy?

Avantis U.S. Equity ETF (NYSEARCA:AVUS) shares hit a new 52-week high on Tuesday . The stock traded as high as $100.78 and last traded at $100.60, with a volume of 196376 shares trading hands. The stock had previously closed at $100.09.

Avantis U.S. Equity ETF Stock Up 0.5 %

The firm has a market cap of $7.26 billion, a PE ratio of 17.22 and a beta of 1.00. The company’s 50 day moving average price is $94.82 and its two-hundred day moving average price is $91.77.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AVUS. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Avantis U.S. Equity ETF by 6.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 7,658 shares of the company’s stock worth $685,000 after purchasing an additional 488 shares during the last quarter. Cozad Asset Management Inc. grew its holdings in shares of Avantis U.S. Equity ETF by 30.9% in the first quarter. Cozad Asset Management Inc. now owns 11,132 shares of the company’s stock worth $996,000 after purchasing an additional 2,628 shares during the last quarter. Angeles Wealth Management LLC grew its holdings in shares of Avantis U.S. Equity ETF by 28.0% in the first quarter. Angeles Wealth Management LLC now owns 19,750 shares of the company’s stock worth $1,768,000 after purchasing an additional 4,322 shares during the last quarter. Leo Wealth LLC grew its holdings in shares of Avantis U.S. Equity ETF by 5.9% in the first quarter. Leo Wealth LLC now owns 411,427 shares of the company’s stock worth $36,776,000 after purchasing an additional 22,937 shares during the last quarter. Finally, GM Advisory Group LLC bought a new position in Avantis U.S. Equity ETF during the 1st quarter worth about $200,000.

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.