Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV) Hits New 52-Week High – Time to Buy?

Shares of Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV) reached a new 52-week high on Tuesday . The stock traded as high as $122.28 and last traded at $122.16, with a volume of 124507 shares trading hands. The stock had previously closed at $120.91.

Avantis U.S. Small Cap Value ETF Stock Down 1.0%

The firm’s 50 day simple moving average is $117.44 and its two-hundred day simple moving average is $110.94. The stock has a market cap of $26.28 billion, a P/E ratio of 11.26 and a beta of 1.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC boosted its position in Avantis U.S. Small Cap Value ETF by 565.7% during the 1st quarter. Sound Income Strategies LLC now owns 233 shares of the company’s stock valued at $26,000 after purchasing an additional 198 shares during the period. Cornerstone Planning Group LLC grew its position in shares of Avantis U.S. Small Cap Value ETF by 1,992.3% during the first quarter. Cornerstone Planning Group LLC now owns 272 shares of the company’s stock worth $33,000 after acquiring an additional 259 shares during the last quarter. Rogco LP acquired a new position in Avantis U.S. Small Cap Value ETF during the 4th quarter worth $31,000. Basepoint Wealth LLC acquired a new position in Avantis U.S. Small Cap Value ETF during the 4th quarter worth $31,000. Finally, Lodestone Wealth Management LLC acquired a new position in Avantis U.S. Small Cap Value ETF during the 4th quarter worth $43,000.

Avantis U.S. Small Cap Value ETF Company Profile

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.