Avantis U.S. Quality ETF (NASDAQ:AVUQ) Shares Up 0.7% – Time to Buy?

Avantis U.S. Quality ETF (NASDAQ:AVUQ)’s share price rose 0.7% during mid-day trading on Monday . The stock traded as high as $61.52 and last traded at $61.31. Approximately 10,241 shares traded hands during trading, an increase of 72% from the average daily volume of 5,945 shares. The stock had previously closed at $60.89.

Avantis U.S. Quality ETF Price Performance

The stock has a market cap of $190.06 million, a P/E ratio of 29.10 and a beta of 1.26. The stock’s 50-day moving average is $60.59 and its two-hundred day moving average is $59.13.

Avantis U.S. Quality ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Tuesday, December 16th were issued a dividend of $0.0574 per share. This is a boost from Avantis U.S. Quality ETF’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $0.23 annualized dividend and a dividend yield of 0.4%.

Institutional Investors Weigh In On Avantis U.S. Quality ETF

Several large investors have recently made changes to their positions in AVUQ. Cresset Asset Management LLC boosted its stake in Avantis U.S. Quality ETF by 516.4% during the second quarter. Cresset Asset Management LLC now owns 1,164,803 shares of the company’s stock valued at $62,957,000 after buying an additional 975,843 shares during the last quarter. Strategic Blueprint LLC bought a new stake in Avantis U.S. Quality ETF in the 4th quarter worth approximately $15,710,000. Torren Management LLC purchased a new stake in shares of Avantis U.S. Quality ETF during the 4th quarter worth approximately $11,641,000. True Wealth Design LLC purchased a new stake in shares of Avantis U.S. Quality ETF during the 2nd quarter worth approximately $1,557,000. Finally, Legacy Financial Group Inc. boosted its position in shares of Avantis U.S. Quality ETF by 43.9% during the 3rd quarter. Legacy Financial Group Inc. now owns 10,902 shares of the company’s stock valued at $647,000 after acquiring an additional 3,324 shares during the last quarter.

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.