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

Shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) reached a new 52-week high during mid-day 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 Price Performance

The stock’s fifty day simple moving average is $115.30 and its 200-day simple moving average is $113.42. The company has a market capitalization of $12.32 billion, a P/E ratio of 20.35 and a beta of 0.99.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Align Financial LLC acquired a new position in shares of Avantis U.S. Equity ETF during the fourth quarter valued at about $4,024,752,000. HB Wealth Management LLC raised its position in shares of Avantis U.S. Equity ETF by 9.4% during the first quarter. HB Wealth Management LLC now owns 5,744,706 shares of the company’s stock valued at $638,692,000 after buying an additional 495,876 shares during the last quarter. American Century Companies Inc. raised its position in shares of Avantis U.S. Equity ETF by 2.8% during the third quarter. American Century Companies Inc. now owns 3,571,038 shares of the company’s stock valued at $388,172,000 after buying an additional 96,975 shares during the last quarter. Maseco LLP acquired a new position in shares of Avantis U.S. Equity ETF during the first quarter valued at about $259,864,000. Finally, Focus Partners Wealth raised its position in shares of Avantis U.S. Equity ETF by 2.7% during the fourth quarter. Focus Partners Wealth now owns 1,979,602 shares of the company’s stock valued at $221,280,000 after buying an additional 52,018 shares during 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.