Avantis U.S. Quality ETF (NASDAQ:AVUQ) Stock Price Up 1.2% – Here’s What Happened

Shares of Avantis U.S. Quality ETF (NASDAQ:AVUQ) rose 1.2% on Tuesday . The company traded as high as $60.07 and last traded at $60.05. Approximately 1,115 shares changed hands during trading, a decline of 81% from the average daily volume of 5,967 shares. The stock had previously closed at $59.36.

Avantis U.S. Quality ETF Stock Performance

The firm has a fifty day simple moving average of $60.47 and a 200-day simple moving average of $59.58. The firm has a market cap of $186.16 million, a price-to-earnings ratio of 29.10 and a beta of 1.26.

Avantis U.S. Quality ETF Increases Dividend

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

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

Several hedge funds have recently bought and sold shares of the stock. Plancorp LLC boosted its holdings in shares of Avantis U.S. Quality ETF by 11.1% during the fourth quarter. Plancorp LLC now owns 3,995 shares of the company’s stock worth $240,000 after acquiring an additional 400 shares during the period. Tripletail Wealth Management LLC acquired a new stake in Avantis U.S. Quality ETF during the 3rd quarter worth approximately $25,000. Legacy Financial Group Inc. boosted its stake in Avantis U.S. Quality ETF by 9.8% in the 4th quarter. Legacy Financial Group Inc. now owns 11,972 shares of the company’s stock valued at $720,000 after purchasing an additional 1,070 shares during the period. Citadel Advisors LLC bought a new stake in Avantis U.S. Quality ETF in the 3rd quarter valued at $298,000. Finally, EnRich Financial Partners LLC acquired a new position in Avantis U.S. Quality ETF in the 4th quarter valued at $397,000.

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.