Avantis U.S. Equity ETF (NYSEARCA:AVUS) Sees Large Volume Increase – Here’s Why

Avantis U.S. Equity ETF (NYSEARCA:AVUS) shares saw unusually-strong trading volume on Friday . Approximately 1,083,226 shares changed hands during mid-day trading, an increase of 183% from the previous session’s volume of 382,765 shares.The stock last traded at $100.01 and had previously closed at $99.03.

Avantis U.S. Equity ETF Trading Up 0.8 %

The firm has a fifty day moving average price of $99.32 and a 200 day moving average price of $95.33. The firm has a market cap of $7.20 billion, a PE ratio of 17.22 and a beta of 1.00.

Institutional Trading of Avantis U.S. Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ausdal Financial Partners Inc. raised its holdings in Avantis U.S. Equity ETF by 198.8% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 78,188 shares of the company’s stock valued at $7,440,000 after buying an additional 52,021 shares during the period. Raymond James & Associates increased its position in shares of Avantis U.S. Equity ETF by 11.4% during the third quarter. Raymond James & Associates now owns 233,493 shares of the company’s stock valued at $22,217,000 after acquiring an additional 23,986 shares during the last quarter. Atria Investments Inc purchased a new stake in shares of Avantis U.S. Equity ETF in the 3rd quarter valued at approximately $216,000. Sunbelt Securities Inc. lifted its holdings in shares of Avantis U.S. Equity ETF by 6.3% in the 2nd quarter. Sunbelt Securities Inc. now owns 9,545 shares of the company’s stock worth $861,000 after acquiring an additional 564 shares during the last quarter. Finally, Full Sail Capital LLC boosted its position in shares of Avantis U.S. Equity ETF by 0.8% during the 2nd quarter. Full Sail Capital LLC now owns 708,963 shares of the company’s stock worth $63,941,000 after purchasing an additional 5,584 shares during the period.

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.