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

Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $121.30 and last traded at $121.25, with a volume of 85939 shares. The stock had previously closed at $120.03.

Avantis U.S. Small Cap Value ETF Trading Down 0.5%

The stock has a market capitalization of $26.41 billion, a PE ratio of 11.26 and a beta of 1.01. The business’s 50 day moving average is $115.49 and its 200 day moving average is $109.64.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted 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 acquiring an additional 392,866 shares during the last quarter. Quent Long Short Global Small Cap Fund LP bought a new position in Avantis U.S. Small Cap Value ETF in the 4th quarter valued at $25,624,000. Argent Advisors Inc. purchased a new stake in Avantis U.S. Small Cap Value ETF in the first quarter worth $12,998,000. Farther Finance Advisors LLC grew its holdings 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 worth $45,373,000 after purchasing an additional 111,342 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in 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 in the last quarter.

About Avantis U.S. Small Cap Value ETF

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.