Parallel Advisors LLC Boosts Holdings in Avantis U.S. Small Cap Value ETF $AVUV

Parallel Advisors LLC boosted its stake in Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV) by 104.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 9,371 shares of the company’s stock after purchasing an additional 4,785 shares during the period. Parallel Advisors LLC’s holdings in Avantis U.S. Small Cap Value ETF were worth $1,035,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in shares of Avantis U.S. Small Cap Value ETF by 86.2% during the 4th quarter. JPMorgan Chase & Co. now owns 848,616 shares of the company’s stock worth $86,542,000 after purchasing an additional 392,866 shares during the last quarter. Quent Long Short Global Small Cap Fund LP purchased a new position in Avantis U.S. Small Cap Value ETF in the fourth quarter valued at approximately $25,624,000. Argent Advisors Inc. purchased a new position in Avantis U.S. Small Cap Value ETF in the first quarter valued at approximately $12,998,000. Farther Finance Advisors LLC lifted its stake in 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 purchasing an additional 111,342 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Avantis U.S. Small Cap Value ETF by 6.0% during 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 during the period.

Avantis U.S. Small Cap Value ETF Price Performance

NYSEARCA:AVUV opened at $126.88 on Friday. The business has a fifty day simple moving average of $123.84 and a two-hundred day simple moving average of $117.34. Avantis U.S. Small Cap Value ETF has a 1 year low of $92.02 and a 1 year high of $129.05. The company has a market capitalization of $30.86 billion, a P/E ratio of 11.26 and a beta of 1.00.

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.