Avantis U.S. Equity ETF (NYSEARCA:AVUS) Sets New 12-Month High – What’s Next?

Avantis U.S. Equity ETF (NYSEARCA:AVUS)’s stock price hit 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 changing hands. The stock had previously closed at $96.08.

Avantis U.S. Equity ETF Trading Up 3.5 %

The business has a 50-day moving average of $94.43 and a two-hundred day moving average of $91.48. The firm has a market cap of $7.17 billion, a P/E ratio of 17.22 and a beta of 1.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC increased its position in shares of Avantis U.S. Equity ETF by 11,264.4% during the 2nd quarter. Strategic Financial Concepts LLC now owns 14,316,250 shares of the company’s stock valued at $1,291,183,000 after purchasing an additional 14,190,276 shares during the last quarter. Annex Advisory Services LLC raised its stake in Avantis U.S. Equity ETF by 25.0% during the 3rd quarter. Annex Advisory Services LLC now owns 3,393,936 shares of the company’s stock worth $322,933,000 after acquiring an additional 679,655 shares during the period. Simplicity Wealth LLC increased its holdings in shares of Avantis U.S. Equity ETF by 837.3% in the third quarter. Simplicity Wealth LLC now owns 629,361 shares of the company’s stock worth $59,884,000 after purchasing an additional 562,213 shares during the last quarter. McGlone Suttner Wealth Management Inc. increased its position in Avantis U.S. Equity ETF by 2,221.3% during the third quarter. McGlone Suttner Wealth Management Inc. now owns 345,642 shares of the company’s stock valued at $32,888,000 after acquiring an additional 330,752 shares during the last quarter. Finally, Smith Anglin Financial LLC boosted its position in Avantis U.S. Equity ETF by 45.6% in the 3rd quarter. Smith Anglin Financial LLC now owns 846,295 shares of the company’s stock valued at $80,525,000 after buying an additional 265,209 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.