Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV) Reaches New 1-Year Low – What’s Next?

Shares of Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $81.81 and last traded at $81.89, with a volume of 478770 shares. The stock had previously closed at $88.88.

Avantis U.S. Small Cap Value ETF Stock Performance

The business’s 50 day simple moving average is $92.05 and its 200-day simple moving average is $96.37. The company has a market cap of $13.08 billion, a price-to-earnings ratio of 11.36 and a beta of 1.15.

Avantis U.S. Small Cap Value ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were given a dividend of $0.3389 per share. The ex-dividend date was Tuesday, March 25th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Kovitz Investment Group Partners LLC bought a new stake in Avantis U.S. Small Cap Value ETF in the third quarter worth $51,568,000. Ameriprise Financial Inc. increased its holdings in shares of Avantis U.S. Small Cap Value ETF by 19.6% during the 4th quarter. Ameriprise Financial Inc. now owns 1,534,021 shares of the company’s stock valued at $148,044,000 after acquiring an additional 251,216 shares during the last quarter. Avior Wealth Management LLC raised its stake in shares of Avantis U.S. Small Cap Value ETF by 140,209.2% in the 4th quarter. Avior Wealth Management LLC now owns 183,805 shares of the company’s stock valued at $17,743,000 after acquiring an additional 183,674 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Avantis U.S. Small Cap Value ETF by 74.8% in the 4th quarter. JPMorgan Chase & Co. now owns 253,659 shares of the company’s stock worth $24,486,000 after purchasing an additional 108,509 shares during the last quarter. Finally, Planned Solutions Inc. boosted its position in Avantis U.S. Small Cap Value ETF by 39,327.5% during the fourth quarter. Planned Solutions Inc. now owns 100,540 shares of the company’s stock worth $9,705,000 after purchasing an additional 100,285 shares during the period.

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.