Avantis U.S. Quality ETF (NASDAQ:AVUQ – Get Free Report) announced a quarterly dividend on Monday, June 8th, NASDAQ Dividends reports. Shareholders of record on Tuesday, June 9th will be paid a dividend of 0.0652 per share on Thursday, June 11th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, June 9th. This is a 59.8% increase from Avantis U.S. Quality ETF’s previous quarterly dividend of $0.04.
Avantis U.S. Quality ETF Stock Down 0.7%
Shares of NASDAQ AVUQ traded down $0.44 during mid-day trading on Tuesday, reaching $64.59. 33,822 shares of the company were exchanged, compared to its average volume of 15,657. The stock has a market cap of $226.07 million, a price-to-earnings ratio of 29.10 and a beta of 1.15. Avantis U.S. Quality ETF has a 1 year low of $51.45 and a 1 year high of $67.78. The firm has a 50-day moving average of $63.35 and a 200 day moving average of $61.10.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in AVUQ. Citadel Advisors LLC acquired a new stake in Avantis U.S. Quality ETF during the third quarter worth about $298,000. EnRich Financial Partners LLC acquired a new stake in Avantis U.S. Quality ETF during the fourth quarter worth about $397,000. Torren Management LLC acquired a new stake in Avantis U.S. Quality ETF during the fourth quarter worth about $11,641,000. Strategic Blueprint LLC acquired a new stake in Avantis U.S. Quality ETF during the fourth quarter worth about $15,710,000. Finally, Plancorp LLC grew its holdings in Avantis U.S. Quality ETF by 11.1% during the fourth quarter. Plancorp LLC now owns 3,995 shares of the company’s stock worth $240,000 after acquiring an additional 400 shares during the period.
About Avantis U.S. Quality ETF
The Avantis U.S. Quality ETF (AVUQ) seeks long-term capital appreciation by investing primarily in a diverse group of U.S. companies across various market capitalizations, sectors, and industry groups. The fund emphasizes growth companies, aiming to provide investors with exposure to firms that exhibit strong growth potential.
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