Avantis U.S. Equity ETF (NYSEARCA:AVUS) Sees Large Volume Increase – Should You Buy?

Shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS – Get Free Report) saw unusually-strong trading volume on Tuesday. 665,989 shares changed hands during mid-day trading, an increase of 110% from the previous session’s volume of 317,501 shares. The stock last traded at $131.1520 and had previously closed at $130.25.

Avantis U.S. Equity ETF Stock Performance

The firm has a market capitalization of $14.76 billion, a PE ratio of 20.35 and a beta of 1.00. The company’s 50 day simple moving average is $129.82 and its 200-day simple moving average is $125.22.

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

Several hedge funds have recently added to or reduced their stakes in AVUS. Align Financial LLC purchased a new position in shares of Avantis U.S. Equity ETF during the 4th quarter valued at about $4,024,752,000. HB Wealth Management LLC grew its position in Avantis U.S. Equity ETF by 4.9% during the 2nd quarter. HB Wealth Management LLC now owns 6,026,439 shares of the company’s stock worth $771,865,000 after acquiring an additional 281,733 shares during the last quarter. Maseco LLP purchased a new stake in shares of Avantis U.S. Equity ETF during the first quarter worth about $259,864,000. Annex Advisory Services LLC raised its position in Avantis U.S. Equity ETF by 5.0% during 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 during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Avantis U.S. Equity ETF by 9.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,009,207 shares of the company’s stock valued at $257,339,000 after buying an additional 177,765 shares during the period.

About Avantis U.S. Equity ETF

(Get Free Report)

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.

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