Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Reaches New 1-Year High – Time to Buy?

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) shares reached a new 52-week high on Tuesday . The stock traded as high as $69.72 and last traded at $69.71, with a volume of 7755 shares trading hands. The stock had previously closed at $68.87.

Avantis U.S. Small Cap Equity ETF Stock Down 0.5%

The company has a market capitalization of $2.70 billion, a P/E ratio of 14.03 and a beta of 1.04. The firm has a 50-day moving average price of $66.84 and a two-hundred day moving average price of $63.42.

Institutional Investors Weigh In On Avantis U.S. Small Cap Equity ETF

Several hedge funds have recently modified their holdings of the business. Rothschild Investment LLC lifted its position in Avantis U.S. Small Cap Equity ETF by 576.9% in the fourth quarter. Rothschild Investment LLC now owns 440 shares of the company’s stock worth $26,000 after purchasing an additional 375 shares during the period. EverSource Wealth Advisors LLC lifted its position in Avantis U.S. Small Cap Equity ETF by 100.0% in the first quarter. EverSource Wealth Advisors LLC now owns 672 shares of the company’s stock worth $42,000 after purchasing an additional 336 shares during the period. Evolution Wealth Management Inc. lifted its position in Avantis U.S. Small Cap Equity ETF by 122.5% in the fourth quarter. Evolution Wealth Management Inc. now owns 839 shares of the company’s stock worth $49,000 after purchasing an additional 462 shares during the period. Brown Brothers Harriman & Co. bought a new position in Avantis U.S. Small Cap Equity ETF in the fourth quarter worth $50,000. Finally, MCF Advisors LLC bought a new position in Avantis U.S. Small Cap Equity ETF in the fourth quarter worth $74,000.

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.