Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV) Hits New 52-Week High – What’s Next?

Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $108.04 and last traded at $108.0580, with a volume of 89567 shares. The stock had previously closed at $107.58.

Avantis U.S. Small Cap Value ETF Stock Performance

The company has a market cap of $21.54 billion, a PE ratio of 11.26 and a beta of 1.09. The firm’s 50 day moving average is $102.03 and its 200-day moving average is $98.89.

Hedge Funds Weigh In On Avantis U.S. Small Cap Value ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its stake in shares of Avantis U.S. Small Cap Value ETF by 6.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,920,854 shares of the company’s stock worth $191,190,000 after acquiring an additional 109,161 shares during the last quarter. Evensky & Katz LLC increased its position in Avantis U.S. Small Cap Value ETF by 20.8% during the second quarter. Evensky & Katz LLC now owns 1,221,718 shares of the company’s stock worth $111,298,000 after purchasing an additional 210,566 shares during the last quarter. JPMorgan Chase & Co. increased its position in Avantis U.S. Small Cap Value ETF by 22.9% during the third quarter. JPMorgan Chase & Co. now owns 455,750 shares of the company’s stock worth $45,361,000 after purchasing an additional 85,028 shares during the last quarter. Orrstown Financial Services Inc. raised its stake in Avantis U.S. Small Cap Value ETF by 3.9% during the second quarter. Orrstown Financial Services Inc. now owns 360,075 shares of the company’s stock worth $32,803,000 after purchasing an additional 13,617 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Avantis U.S. Small Cap Value ETF by 216.8% during the third quarter. Farther Finance Advisors LLC now owns 333,576 shares of the company’s stock worth $33,201,000 after purchasing an additional 228,273 shares during the period.

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.