Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV) Sets New 1-Year High – Here’s Why

Shares of Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV) reached a new 52-week high on Wednesday . The company traded as high as $120.46 and last traded at $119.44, with a volume of 1041700 shares trading hands. The stock had previously closed at $119.61.

Avantis U.S. Small Cap Value ETF Stock Down 0.1%

The stock has a 50 day simple moving average of $112.53 and a two-hundred day simple moving average of $106.83. The stock has a market capitalization of $25.92 billion, a P/E ratio of 11.26 and a beta of 1.02.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its stake in Avantis U.S. Small Cap Value ETF by 6.0% in the third quarter. Ameriprise Financial Inc. now owns 1,920,854 shares of the company’s stock valued at $191,190,000 after purchasing an additional 109,161 shares in the last quarter. Evensky & Katz LLC grew its stake in Avantis U.S. Small Cap Value ETF by 1.1% in the fourth quarter. Evensky & Katz LLC now owns 1,224,966 shares of the company’s stock valued at $124,922,000 after purchasing an additional 13,251 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Avantis U.S. Small Cap Value ETF by 86.2% in the fourth quarter. JPMorgan Chase & Co. now owns 848,616 shares of the company’s stock valued at $86,542,000 after purchasing an additional 392,866 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Avantis U.S. Small Cap Value ETF by 33.4% in the fourth quarter. Farther Finance Advisors LLC now owns 444,918 shares of the company’s stock valued at $45,373,000 after buying an additional 111,342 shares during the last quarter. Finally, Orrstown Financial Services Inc. lifted its position in shares of Avantis U.S. Small Cap Value ETF by 0.7% in the fourth quarter. Orrstown Financial Services Inc. now owns 340,686 shares of the company’s stock valued at $34,743,000 after buying an additional 2,349 shares during the last quarter.

Avantis U.S. Small Cap Value ETF Company Profile

The Avantis U.S. Small Cap Value ETF (AVUV) is an exchange-traded fund that is based on the Russell 2000 Value index. The fund is an actively-managed portfolio of US small-cap value companies selected based on fundamental criteria. AVUV was launched on Sep 24, 2019 and is managed by American Century Investments.