Avantis U.S. Equity ETF (NYSEARCA:AVUS) Hits New 12-Month High – Here’s Why

Avantis U.S. Equity ETF (NYSEARCA:AVUS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $128.66 and last traded at $128.31, with a volume of 71284 shares traded. The stock had previously closed at $126.75.

Avantis U.S. Equity ETF Price Performance

The stock’s 50-day moving average is $122.43 and its 200-day moving average is $116.78. The stock has a market cap of $12.85 billion, a price-to-earnings ratio of 20.35 and a beta of 0.99.

Hedge Funds Weigh In On Avantis U.S. Equity ETF

A number of hedge funds have recently made changes to their positions in AVUS. Godfrey Financial Associates Inc. acquired a new position in shares of Avantis U.S. Equity ETF in the 4th quarter valued at $29,000. Brown Brothers Harriman & Co. acquired a new position in shares of Avantis U.S. Equity ETF in the 4th quarter valued at $29,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Avantis U.S. Equity ETF by 138.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 358 shares of the company’s stock valued at $36,000 after purchasing an additional 208 shares during the last quarter. Monetary Solutions Ltd acquired a new position in shares of Avantis U.S. Equity ETF in the 4th quarter valued at $39,000. Finally, Federation des caisses Desjardins du Quebec acquired a new position in shares of Avantis U.S. Equity ETF in the 4th quarter valued at $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.