First Citizens adds $1.5 M stake in Avantis U.S. Small‑Cap Value ETF (AVUV)

The Avantis U.S. Small Cap Value ETF (ticker AVUV) is positioned as a diversified fund that targets companies of varying sizes and value characteristics to achieve superior long‑term excess returns.

First Citizens Asset Management Inc. disclosed in a recent 13F filing that it purchased 15,048 shares of AVUV in the fourth quarter, a transaction valued at roughly $1.535 million. The purchase increases First Citizens' exposure to the small‑cap value segment.

The new holding reflects ongoing investor interest in diversified small‑cap value strategies amid broader market positioning decisions.