(AVNM) American Century Trust - Ratings and Ratios

The American Century ETF Trust, traded as AVNM on the NYSE ARCA, operates as a fund of funds strategy, allocating its investments across a range of Avantis ETFs. This approach allows the fund to diversify its portfolio by indirectly holding a broad spectrum of equity securities. The underlying Avantis ETFs are designed to outperform traditional market-cap weighted indices by selectively investing in securities anticipated to yield higher returns or exhibit superior risk profiles.

AVNM is categorized under the Foreign Large Blend ETF category, indicating its investment focus on large-cap stocks with a blend of growth and value characteristics outside the United States. This categorization suggests that the fund is suitable for investors seeking diversified international exposure.

Analyzing the technical indicators, the funds last price is $61.15, slightly below its 52-week high of $61.20, indicating a strong performance over the past year. The short-term (SMA20) and medium-term (SMA50) moving averages are $59.26 and $58.52, respectively, both below the current price, suggesting an upward trend. The long-term trend (SMA200) at $56.93 further supports this, as the current price is significantly above it, indicating a sustained bullish momentum. The Average True Range (ATR) stands at 1.08, or 1.77% of the last price, signifying moderate volatility.

With Assets Under Management (AUM) totaling $275.93 million, AVNM demonstrates a reasonable scale for an ETF, potentially offering liquidity and diversification benefits to investors. The funds structure and underlying investments are geared towards capitalizing on securities expected to outperform, potentially offering a competitive edge over passive, market-cap weighted indices.

Forecasting based on the provided technical and fundamental data, the upward trend indicated by the moving averages and the funds proximity to its 52-week high suggest potential for continued growth, albeit with moderate volatility as indicated by the ATR. If the current trend persists, AVNM could test new highs, potentially pushing beyond the $61.20 mark. However, investors should be cautious of potential pullbacks, given the funds volatility and the broader market conditions. A strategic entry point could be near the SMA50 or SMA20 levels, offering a more favorable risk-reward ratio.