Avantis U.S. Equity ETF (NYSEARCA:AVUS) Reaches New 12-Month High – Still a Buy?

Avantis U.S. Equity ETF (NYSEARCA:AVUS)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $132.40 and last traded at $132.31, with a volume of 14818 shares traded. The stock had previously closed at $131.54.

Avantis U.S. Equity ETF Price Performance

The firm has a market cap of $14.53 billion, a P/E ratio of 20.35 and a beta of 0.99. The stock’s 50 day moving average is $127.66 and its two-hundred day moving average is $121.37.

Institutional Investors Weigh In On Avantis U.S. Equity ETF

Several large investors have recently modified their holdings of the stock. Align Financial LLC bought a new stake in Avantis U.S. Equity ETF in the fourth quarter valued at $4,024,752,000. HB Wealth Management LLC lifted its holdings in shares of Avantis U.S. Equity ETF by 9.4% during the first quarter. HB Wealth Management LLC now owns 5,744,706 shares of the company’s stock valued at $638,692,000 after acquiring an additional 495,876 shares during the period. Maseco LLP acquired a new stake in shares of Avantis U.S. Equity ETF in the 1st quarter valued at $259,864,000. Annex Advisory Services LLC boosted its stake in shares of Avantis U.S. Equity ETF by 5.0% in the 2nd quarter. Annex Advisory Services LLC now owns 2,025,359 shares of the company’s stock valued at $259,408,000 after purchasing an additional 96,288 shares in the last quarter. Finally, Focus Partners Wealth grew its holdings in shares of Avantis U.S. Equity ETF by 2.7% in the 4th quarter. Focus Partners Wealth now owns 1,979,602 shares of the company’s stock worth $221,280,000 after purchasing an additional 52,018 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.