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

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

Avantis U.S. Equity ETF Trading Up 0.5 %

The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 17.22 and a beta of 1.00. The company’s 50 day moving average is $94.82 and its 200-day moving average is $91.77.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Global Trust Asset Management LLC increased its holdings in shares of Avantis U.S. Equity ETF by 833.3% during the second quarter. Global Trust Asset Management LLC now owns 280 shares of the company’s stock worth $25,000 after purchasing an additional 250 shares during the period. National Bank of Canada FI bought a new position in shares of Avantis U.S. Equity ETF during the second quarter worth approximately $25,000. Private Ocean LLC bought a new position in shares of Avantis U.S. Equity ETF during the second quarter worth approximately $69,000. Fortitude Family Office LLC bought a new position in shares of Avantis U.S. Equity ETF during the third quarter worth approximately $95,000. Finally, LRI Investments LLC bought a new position in shares of Avantis U.S. Equity ETF during the first quarter worth approximately $135,000.

Avantis U.S. Equity ETF Company Profile

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.