Avantis U.S. Equity ETF (NYSEARCA:AVUS) Reaches New 1-Year High – Time to Buy?

Avantis U.S. Equity ETF (NYSEARCA:AVUS) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $123.10 and last traded at $122.99, with a volume of 53918 shares trading hands. The stock had previously closed at $121.82.

Avantis U.S. Equity ETF Stock Up 1.3%

The stock’s 50-day moving average price is $115.30 and its 200 day moving average price is $113.42. The firm has a market cap of $12.32 billion, a price-to-earnings ratio of 20.35 and a beta of 0.99.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AVUS. Godfrey Financial Associates Inc. bought a new position in Avantis U.S. Equity ETF during the fourth quarter worth about $29,000. Brown Brothers Harriman & Co. bought a new position in Avantis U.S. Equity ETF during the fourth quarter worth about $29,000. EverSource Wealth Advisors LLC lifted its stake in Avantis U.S. Equity ETF by 138.7% during the second quarter. EverSource Wealth Advisors LLC now owns 358 shares of the company’s stock worth $36,000 after purchasing an additional 208 shares during the period. Monetary Solutions Ltd bought a new position in Avantis U.S. Equity ETF during the fourth quarter worth about $39,000. Finally, Federation des caisses Desjardins du Quebec acquired a new stake in shares of Avantis U.S. Equity ETF during the fourth quarter worth approximately $39,000.

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.