Avantis U.S. Equity ETF (NYSEARCA:AVUS) Hits New 1-Year High – Here’s What Happened

Avantis U.S. Equity ETF (NYSEARCA:AVUS) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $101.95 and last traded at $101.78, with a volume of 165297 shares changing hands. The stock had previously closed at $101.74.

Avantis U.S. Equity ETF Price Performance

The company has a fifty day moving average of $97.21 and a 200-day moving average of $93.12. The firm has a market capitalization of $7.34 billion, a PE ratio of 17.22 and a beta of 1.00.

Institutional Trading of Avantis U.S. Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of AVUS. Strategic Financial Concepts LLC increased its position in Avantis U.S. Equity ETF by 11,264.4% during the second quarter. Strategic Financial Concepts LLC now owns 14,316,250 shares of the company’s stock worth $1,291,183,000 after buying an additional 14,190,276 shares during the last quarter. Annex Advisory Services LLC increased its position in Avantis U.S. Equity ETF by 25.0% during the third quarter. Annex Advisory Services LLC now owns 3,393,936 shares of the company’s stock worth $322,933,000 after buying an additional 679,655 shares during the last quarter. American Century Companies Inc. increased its position in Avantis U.S. Equity ETF by 5.8% during the second quarter. American Century Companies Inc. now owns 2,924,011 shares of the company’s stock worth $263,717,000 after buying an additional 159,134 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Avantis U.S. Equity ETF by 6.8% during the second quarter. Envestnet Asset Management Inc. now owns 1,632,278 shares of the company’s stock worth $147,215,000 after buying an additional 104,125 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Avantis U.S. Equity ETF by 1.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,470,657 shares of the company’s stock valued at $132,638,000 after purchasing an additional 23,513 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.