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

Avantis U.S. Equity ETF (NYSEARCA:AVUS)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $98.77 and last traded at $98.76, with a volume of 7173 shares traded. The stock had previously closed at $96.08.

Avantis U.S. Equity ETF Stock Performance

The company has a 50 day moving average price of $94.43 and a two-hundred day moving average price of $91.48. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 17.22 and a beta of 1.00.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Silverlake Wealth Management LLC increased its holdings in Avantis U.S. Equity ETF by 0.4% in the third quarter. Silverlake Wealth Management LLC now owns 30,319 shares of the company’s stock valued at $2,885,000 after buying an additional 106 shares in the last quarter. PrairieView Partners LLC increased its stake in shares of Avantis U.S. Equity ETF by 1.6% in the second quarter. PrairieView Partners LLC now owns 8,708 shares of the company’s stock valued at $785,000 after purchasing an additional 138 shares during the period. Waterfront Wealth Inc. lifted its position in Avantis U.S. Equity ETF by 1.0% in the second quarter. Waterfront Wealth Inc. now owns 14,471 shares of the company’s stock worth $1,305,000 after purchasing an additional 150 shares during the period. Tranquility Partners LLC raised its holdings in shares of Avantis U.S. Equity ETF by 3.9% in the 2nd quarter. Tranquility Partners LLC now owns 4,268 shares of the company’s stock worth $385,000 after purchasing an additional 161 shares in the last quarter. Finally, Capital Group Private Client Services Inc. boosted its position in shares of Avantis U.S. Equity ETF by 0.3% in the 1st quarter. Capital Group Private Client Services Inc. now owns 56,331 shares of the company’s stock valued at $5,042,000 after purchasing an additional 166 shares during the period.

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.