Avantis U.S. Equity ETF (NYSEARCA:AVUS) Sees Strong Trading Volume – Here’s What Happened

Shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) saw an uptick in trading volume on Thursday . 637,954 shares were traded during mid-day trading, an increase of 86% from the previous session’s volume of 343,109 shares.The stock last traded at $100.41 and had previously closed at $99.98.

Avantis U.S. Equity ETF Trading Up 0.1 %

The stock has a market cap of $7.29 billion, a P/E ratio of 17.22 and a beta of 1.00. The firm has a 50-day simple moving average of $99.30 and a two-hundred day simple moving average of $96.53.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV acquired a new stake in Avantis U.S. Equity ETF during the fourth quarter worth approximately $42,724,000. Jane Street Group LLC acquired a new stake in shares of Avantis U.S. Equity ETF during the 4th quarter worth $549,000. Comerica Bank raised its stake in Avantis U.S. Equity ETF by 147.0% in the fourth quarter. Comerica Bank now owns 857 shares of the company’s stock valued at $83,000 after purchasing an additional 510 shares in the last quarter. Parkshore Wealth Management Inc. acquired a new position in Avantis U.S. Equity ETF in the fourth quarter valued at about $7,077,000. Finally, Betterment LLC lifted its position in Avantis U.S. Equity ETF by 15.1% during the fourth quarter. Betterment LLC now owns 46,349 shares of the company’s stock worth $4,493,000 after purchasing an additional 6,089 shares during the period.

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.