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 company’s latest 13F filing with the U.S. Securities and Exchange Commission (SEC), Baird now owns 171,092 shares of the ETF after selling 18,602 shares during this period. The value of Baird’s holdings in Avantis is approximately $15,586,000 as of the most recent filing.
Several 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 of 2023, acquiring an additional 7,054 shares and bringing its total to 21,487 shares, valued at $1,873,000. Similarly, Bare Financial Services Inc. lifted its position by 6.3%, now owning 238,862 shares worth $20,822,000 after purchasing an additional 14,235 shares.
Evensky & Katz LLC also expanded its holdings by 2.9%, owning 1,011,152 shares valued at $88,142,000 after acquiring 28,054 shares in the previous quarter. EverSource Wealth Advisors LLC increased its stake by 27.7%, now holding 23,859 shares valued at $2,080,000. Ameriprise Financial Inc. raised its position by 24.6%, owning 1,911,402 shares valued at $166,607,000 after acquiring 377,381 shares during the same period.
Market Performance and Fund Profile
As of the latest trading session, shares of the Avantis U.S. Small Cap Value ETF opened at $102.90. The fund has experienced a 1-year low of $74.00 and a high of $104.58. Its performance indicators include a 50-day moving average of $98.76 and a 200-day moving average of $95.92. The ETF currently boasts a market capitalization of $19.65 billion, with a price-to-earnings (P/E) 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 offers an actively managed portfolio of U.S. small-cap value companies selected based on fundamental investment criteria. The fund is managed by American Century Investments.
For those interested in tracking institutional investments, HoldingsChannel.com provides updates on recent 13F filings and insider trades related to the Avantis U.S. Small Cap Value ETF.
