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

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $65.93 and last traded at $65.17, with a volume of 85373 shares trading hands. The stock had previously closed at $65.25.

Avantis U.S. Small Cap Equity ETF Price Performance

The stock’s 50 day moving average is $61.53 and its two-hundred day moving average is $58.25. The firm has a market capitalization of $2.39 billion, a P/E ratio of 14.03 and a beta of 1.10.

Institutional Trading of Avantis U.S. Small Cap Equity ETF

A number of hedge funds have recently modified their holdings of AVSC. Evolution Wealth Management Inc. bought a new position in Avantis U.S. Small Cap Equity ETF during the 2nd quarter worth approximately $25,000. Rothschild Investment LLC grew its stake 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 valued at $26,000 after acquiring an additional 375 shares during the period. Root Financial Partners LLC bought a new stake in Avantis U.S. Small Cap Equity ETF during the 3rd quarter worth approximately $27,000. YANKCOM Partnership acquired a new stake in shares of Avantis U.S. Small Cap Equity ETF during the third quarter worth $29,000. Finally, Global Retirement Partners LLC boosted its position in shares of Avantis U.S. Small Cap Equity ETF by 82.4% during the third quarter. Global Retirement Partners LLC now owns 549 shares of the company’s stock worth $31,000 after buying an additional 248 shares during the period.

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.