Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Reaches New 12-Month High – Should You Buy?

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $72.00 and last traded at $72.00, with a volume of 11994 shares traded. The stock had previously closed at $70.84.

Avantis U.S. Small Cap Equity ETF Stock Performance

The company has a market capitalization of $2.85 billion, a PE ratio of 14.03 and a beta of 1.04. The company’s 50-day moving average is $68.65 and its 200 day moving average is $64.61.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AVSC. Western Wealth Management LLC bought a new stake in shares of Avantis U.S. Small Cap Equity ETF during the first quarter valued at approximately $310,000. FAS Wealth Partners Inc. raised its holdings in Avantis U.S. Small Cap Equity ETF by 2.0% in the 1st quarter. FAS Wealth Partners Inc. now owns 277,447 shares of the company’s stock worth $17,285,000 after acquiring an additional 5,394 shares during the last quarter. Summit Financial Wealth Advisors LLC lifted its position in 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 valued at $241,000 after acquiring an additional 212 shares in the last quarter. Arkadios Wealth Advisors lifted its position in Avantis U.S. Small Cap Equity ETF by 244.6% in the 1st quarter. Arkadios Wealth Advisors now owns 15,206 shares of the company’s stock valued at $947,000 after acquiring an additional 10,793 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Avantis U.S. Small Cap Equity ETF by 100.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 672 shares of the company’s stock valued at $42,000 after purchasing an additional 336 shares during 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.