Avantis U.S. Equity ETF (NYSEARCA:AVUS) Sees Large Volume Increase – Should You Buy?
by Kim Johansen · The Markets DailyShares of Avantis U.S. Equity ETF (NYSEARCA:AVUS – Get Free Report) saw unusually-high trading volume on Tuesday. 665,989 shares traded hands during 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 Price Performance
The firm has a 50 day moving average price of $129.82 and a 200-day moving average price of $125.22. The firm has a market cap of $14.76 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
Several institutional investors and hedge funds have recently made changes to their positions in AVUS. Align Financial LLC acquired a new position in Avantis U.S. Equity ETF in the fourth quarter valued at about $4,024,752,000. Maseco LLP acquired a new position in shares of Avantis U.S. Equity ETF in the first quarter worth approximately $259,864,000. HB Wealth Management LLC boosted its position in 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 last quarter. Bank of America Corp DE grew its stake in shares of Avantis U.S. Equity ETF by 91.3% in the 1st quarter. Bank of America Corp DE now owns 875,159 shares of the company’s stock worth $97,300,000 after acquiring an additional 417,664 shares in the last quarter. Finally, Retirement Financial Solutions LLC purchased a new position in Avantis U.S. Equity ETF in the fourth quarter valued at about $37,244,000.
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.