Avantis U.S. Equity ETF (NYSEARCA:AVUS) Reaches New 52-Week High – Here’s What Happened

Avantis U.S. Equity ETF (NYSEARCA:AVUS)’s share price reached a new 52-week high on Monday . The stock traded as high as $116.66 and last traded at $116.6350, with a volume of 109036 shares. The stock had previously closed at $115.67.

Avantis U.S. Equity ETF Stock Down 0.2%

The firm has a fifty day moving average of $113.46 and a 200-day moving average of $109.36. The firm has a market cap of $11.10 billion, a P/E ratio of 20.35 and a beta of 1.02.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in AVUS. Great Point Wealth Advisors LLC acquired a new position in shares of Avantis U.S. Equity ETF in the third quarter valued at approximately $122,327,000. Highland Financial Advisors LLC grew its holdings in Avantis U.S. Equity ETF by 3.7% during the 3rd quarter. Highland Financial Advisors LLC now owns 306,873 shares of the company’s stock worth $33,357,000 after acquiring an additional 10,921 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Avantis U.S. Equity ETF by 6.5% during the second quarter. Bank of New York Mellon Corp now owns 574,539 shares of the company’s stock valued at $57,925,000 after acquiring an additional 35,161 shares during the last quarter. Betterment LLC lifted its holdings in shares of Avantis U.S. Equity ETF by 8.5% during the second quarter. Betterment LLC now owns 60,610 shares of the company’s stock worth $6,111,000 after purchasing an additional 4,735 shares during the period. Finally, Andrews Lucia Wealth Management LLC acquired a new position in shares of Avantis U.S. Equity ETF during the third quarter worth $810,000.

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.