Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Hits New 52-Week High – Still a Buy?

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) hit a new 52-week high on Thursday . The company traded as high as $75.17 and last traded at $75.05, with a volume of 11362 shares. The stock had previously closed at $74.58.

Avantis U.S. Small Cap Equity ETF Stock Performance

The company has a fifty day moving average of $72.16 and a two-hundred day moving average of $67.55. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 14.03 and a beta of 1.02.

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

A number of hedge funds and other institutional investors have recently modified their holdings of AVSC. HB Wealth Management LLC grew its holdings in shares of Avantis U.S. Small Cap Equity ETF by 0.7% during the first quarter. HB Wealth Management LLC now owns 27,927 shares of the company’s stock valued at $1,740,000 after buying an additional 195 shares during the last quarter. Summit Financial Wealth Advisors LLC raised its holdings in shares of Avantis U.S. Small Cap Equity ETF by 5.8% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 3,867 shares of the company’s stock worth $241,000 after acquiring an additional 212 shares during the last quarter. Clune & Associates LTD. raised its holdings in shares of Avantis U.S. Small Cap Equity ETF by 1.8% in the 4th quarter. Clune & Associates LTD. now owns 15,391 shares of the company’s stock worth $904,000 after acquiring an additional 269 shares during the last quarter. Lam Group Inc. lifted its position in Avantis U.S. Small Cap Equity ETF by 1.3% in the 2nd quarter. Lam Group Inc. now owns 26,200 shares of the company’s stock valued at $1,922,000 after acquiring an additional 325 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Avantis U.S. Small Cap Equity ETF by 100.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 672 shares of the company’s stock valued at $42,000 after acquiring an additional 336 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.