Avantis U.S. Equity ETF (NYSEARCA:AVUS) Shares Break Above 50 Day Moving Average – Should You Sell?

Avantis U.S. Equity ETF (NYSEARCA:AVUS) shares crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $129.65 and traded as high as $130.00. Avantis U.S. Equity ETF shares last traded at $129.83, with a volume of 216,298 shares traded.

Avantis U.S. Equity ETF Price Performance

The business has a fifty day moving average price of $129.65 and a two-hundred day moving average price of $123.35. The firm has a market capitalization of $14.90 billion, a price-to-earnings ratio of 20.35 and a beta of 1.00.

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

A number of institutional investors have recently modified their holdings of the stock. Allodium Investment Consultants LLC increased its position in shares of Avantis U.S. Equity ETF by 5.1% during the third quarter. Allodium Investment Consultants LLC now owns 1,650 shares of the company’s stock valued at $211,000 after acquiring an additional 80 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Avantis U.S. Equity ETF by 0.3% in the 2nd quarter. NewEdge Advisors LLC now owns 25,333 shares of the company’s stock valued at $3,245,000 after acquiring an additional 81 shares during the period. FAS Wealth Partners Inc. lifted its holdings in shares of Avantis U.S. Equity ETF by 1.3% in the 1st quarter. FAS Wealth Partners Inc. now owns 7,604 shares of the company’s stock worth $845,000 after acquiring an additional 95 shares during the last quarter. Oceanside Advisors LLC lifted its holdings in shares of Avantis U.S. Equity ETF by 2.2% in the 1st quarter. Oceanside Advisors LLC now owns 4,996 shares of the company’s stock worth $555,000 after acquiring an additional 109 shares during the last quarter. Finally, Modern Wealth Management LLC lifted its holdings in shares of Avantis U.S. Equity ETF by 0.4% in the 1st quarter. Modern Wealth Management LLC now owns 26,334 shares of the company’s stock worth $2,947,000 after acquiring an additional 117 shares during the last quarter.

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.