Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV) Share Price Breaks Above 50-Day Moving Average – Here’s What Happened

Shares of Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV) passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $121.93 and traded as high as $122.96. Avantis U.S. Small Cap Value ETF shares last traded at $122.51, with a volume of 1,076,725 shares trading hands.

Avantis U.S. Small Cap Value ETF Stock Up 0.6%

The company has a market cap of $32.41 billion, a price-to-earnings ratio of 11.37 and a beta of 1.04. The firm has a 50 day moving average price of $121.86 and a two-hundred day moving average price of $119.43.

Institutional Trading of Avantis U.S. Small Cap Value ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rothschild Investment LLC raised its holdings in Avantis U.S. Small Cap Value ETF by 3.6% during the 3rd quarter. Rothschild Investment LLC now owns 220,270 shares of the company’s stock worth $25,941,000 after purchasing an additional 7,737 shares during the last quarter. Western Wealth Management LLC lifted its position in shares of Avantis U.S. Small Cap Value ETF by 18.8% in the 3rd quarter. Western Wealth Management LLC now owns 83,557 shares of the company’s stock worth $9,840,000 after purchasing an additional 13,198 shares during the period. Thoroughbred Financial Services LLC bought a new stake in shares of Avantis U.S. Small Cap Value ETF in the 3rd quarter valued at $5,817,000. Bessemer Group Inc. bought a new stake in shares of Avantis U.S. Small Cap Value ETF in the 3rd quarter valued at $284,000. Finally, Collier Financial boosted its stake in shares of Avantis U.S. Small Cap Value ETF by 136.7% in the 3rd quarter. Collier Financial now owns 258 shares of the company’s stock valued at $30,000 after purchasing an additional 149 shares during the last quarter.

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.