Avantis U.S. Quality ETF (NASDAQ:AVUQ) Trading 0.9% Higher – What’s Next?

Avantis U.S. Quality ETF (NASDAQ:AVUQ)’s share price shot up 0.9% during trading on Friday . The stock traded as high as $61.41 and last traded at $61.33. 1,300 shares traded hands during trading, a decline of 73% from the average session volume of 4,817 shares. The stock had previously closed at $60.79.

Avantis U.S. Quality ETF Stock Performance

The stock has a 50-day moving average of $60.10 and a two-hundred day moving average of $58.35. The company has a market cap of $190.12 million, a P/E ratio of 29.10 and a beta of 1.26.

Avantis U.S. Quality ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, December 16th were paid a $0.0574 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.4%. This is a positive change from Avantis U.S. Quality ETF’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Tuesday, December 16th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AVUQ. Tripletail Wealth Management LLC purchased a new stake in shares of Avantis U.S. Quality ETF during the 3rd quarter worth $25,000. Plancorp LLC bought a new position in Avantis U.S. Quality ETF in the third quarter worth about $213,000. Citadel Advisors LLC purchased a new stake in shares of Avantis U.S. Quality ETF during the third quarter valued at about $298,000. Legacy Financial Group Inc. bought a new stake in shares of Avantis U.S. Quality ETF in the 2nd quarter valued at about $410,000. Finally, True Wealth Design LLC bought a new stake in shares of Avantis U.S. Quality ETF in the 2nd quarter valued at about $1,557,000.

About Avantis U.S. Quality ETF

​The Avantis U.S. Quality ETF (AVUQ) seeks long-term capital appreciation by investing primarily in a diverse group of U.S. companies across various market capitalizations, sectors, and industry groups. The fund emphasizes growth companies, aiming to provide investors with exposure to firms that exhibit strong growth potential.