$AVA refers to the ticker symbol for Avantis U.S. Small Cap Value ETF, a type of exchange-traded fund (ETF). It focuses on small-cap value stocks, which are shares of smaller companies that are considered undervalued compared to their peers.
Avantis U.S. Small Cap Value ETF aims to provide long-term capital appreciation by investing in these stocks taking a systematic approach to target companies with strong financial health, lower valuations and higher profitability.