Baird Financial Group Inc. has reduced its holdings in the Avantis U.S. Small Cap Value ETF (NYSEARCA: AVUV) by 9.8% during the second quarter of 2023. According to the latest 13F filing with the Securities and Exchange Commission (SEC), the firm now holds 171,092 shares after selling 18,602 shares in the quarter. The value of Baird’s remaining stake is approximately $15.6 million.
A number of other institutional investors have also adjusted their positions in the Avantis U.S. Small Cap Value ETF. For instance, Natixis Advisors LLC increased its stake by 48.9% in the first quarter, acquiring an additional 7,054 shares to bring its total to 21,487 shares valued at $1.87 million. Similarly, Bare Financial Services Inc. raised its holdings by 6.3%, now owning 238,862 shares worth $20.82 million after adding 14,235 shares.
Evensky & Katz LLC expanded its position by 2.9% during the same period, acquiring an extra 28,054 shares for a total of 1,011,152 shares valued at $88.14 million. EverSource Wealth Advisors LLC also saw growth in its holdings, increasing its stake by 27.7% to 23,859 shares, now valued at $2.08 million following the acquisition of 5,176 shares.
Ameriprise Financial Inc. further enhanced its position in the ETF by 24.6%, now owning 1,911,402 shares worth $166.61 million after buying an additional 377,381 shares.
Current Market Status of Avantis U.S. Small Cap Value ETF
On Friday, shares of the Avantis U.S. Small Cap Value ETF opened at $102.90. The ETF has experienced a range over the past year, with a low of $74.00 and a high of $104.58. As of now, it has a 50-day moving average of $98.76 and a 200-day moving average of $95.92. The ETF boasts a market capitalization of $19.65 billion, a price-to-earnings ratio of 11.26, and a beta of 1.09.
The Avantis U.S. Small Cap Value ETF, launched on September 24, 2019, is designed to track the Russell 2000 Value Index. It is actively managed by American Century Investments, focusing on US small-cap value companies selected based on fundamental criteria.
Investors interested in the latest movements of the Avantis U.S. Small Cap Value ETF can find detailed insights through HoldingsChannel.com, which provides updates on 13F filings and insider trades.
