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

Shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) saw an uptick in trading volume on Friday . 1,083,226 shares changed hands during mid-day trading, an increase of 183% from the previous session’s volume of 382,765 shares.The stock last traded at $100.01 and had previously closed at $99.03.

Avantis U.S. Equity ETF Stock Performance

The firm’s 50-day moving average price is $99.34 and its 200 day moving average price is $95.23. The company has a market cap of $7.20 billion, a price-to-earnings ratio of 17.22 and a beta of 1.00.

Institutional Trading of Avantis U.S. Equity ETF

Several institutional investors and hedge funds have recently made changes to their positions in AVUS. Annex Advisory Services LLC increased its stake in shares of Avantis U.S. Equity ETF by 5.0% in the 4th quarter. Annex Advisory Services LLC now owns 3,563,572 shares of the company’s stock valued at $345,417,000 after acquiring an additional 169,636 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Avantis U.S. Equity ETF by 1.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,470,657 shares of the company’s stock valued at $132,638,000 after purchasing an additional 23,513 shares in the last quarter. Adero Partners LLC increased its stake in Avantis U.S. Equity ETF by 3.7% in the third quarter. Adero Partners LLC now owns 1,442,769 shares of the company’s stock valued at $137,280,000 after purchasing an additional 51,967 shares in the last quarter. Creative Planning raised its holdings in Avantis U.S. Equity ETF by 1.4% in the second quarter. Creative Planning now owns 1,363,621 shares of the company’s stock worth $122,985,000 after purchasing an additional 18,905 shares during the period. Finally, LPL Financial LLC boosted its position in shares of Avantis U.S. Equity ETF by 7.8% during the third quarter. LPL Financial LLC now owns 1,342,266 shares of the company’s stock worth $127,717,000 after purchasing an additional 97,263 shares in 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.