Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV) Hits New 1-Year High – Time to Buy?

Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $116.79 and last traded at $116.39, with a volume of 103338 shares changing hands. The stock had previously closed at $115.71.

Avantis U.S. Small Cap Value ETF Stock Up 1.6%

The company has a market capitalization of $25.16 billion, a PE ratio of 11.26 and a beta of 1.02. The stock’s fifty day simple moving average is $111.96 and its 200-day simple moving average is $105.82.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its holdings 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 buying an additional 109,161 shares in the last quarter. Evensky & Katz LLC increased its holdings 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 buying an additional 13,251 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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 buying an additional 392,866 shares in the last quarter. Farther Finance Advisors LLC increased its holdings 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 buying an additional 111,342 shares in the last quarter. Finally, Orrstown Financial Services Inc. grew 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 purchasing an additional 2,349 shares during 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.