Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Sets New 1-Year High – Here’s Why

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $64.92 and last traded at $64.87, with a volume of 17895 shares trading hands. The stock had previously closed at $63.39.

Avantis U.S. Small Cap Equity ETF Trading Up 2.8%

The firm has a 50-day simple moving average of $60.98 and a two-hundred day simple moving average of $57.90. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 14.03 and a beta of 1.10.

Hedge Funds Weigh In On Avantis U.S. Small Cap Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV lifted its stake in Avantis U.S. Small Cap Equity ETF by 2.5% in the third quarter. Mercer Global Advisors Inc. ADV now owns 14,080,549 shares of the company’s stock valued at $806,685,000 after acquiring an additional 341,562 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Avantis U.S. Small Cap Equity ETF by 9.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,591,513 shares of the company’s stock valued at $649,344,000 after purchasing an additional 1,116,642 shares in the last quarter. Mason Investment Advisory Services Inc. lifted its stake in shares of Avantis U.S. Small Cap Equity ETF by 2.8% in the 2nd quarter. Mason Investment Advisory Services Inc. now owns 3,515,423 shares of the company’s stock valued at $181,290,000 after purchasing an additional 96,503 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Avantis U.S. Small Cap Equity ETF by 4.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,107,684 shares of the company’s stock worth $63,415,000 after purchasing an additional 51,269 shares in the last quarter. Finally, Wealth Management Nebraska boosted its holdings in Avantis U.S. Small Cap Equity ETF by 11.6% in the fourth quarter. Wealth Management Nebraska now owns 1,010,452 shares of the company’s stock worth $59,354,000 after purchasing an additional 105,187 shares in the last quarter.

Avantis U.S. Small Cap Equity ETF Company Profile

The Avantis U.S. Small Cap Equity ETF (AVSC) is an exchange-traded fund that is based on the Russell 2000 index. The fund is an actively-managed portfolio of US small-cap value companies selected based on fundamental criteria. AVSC was launched on Jan 11, 2022 and is managed by American Century Investments.