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

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $69.22 and last traded at $69.22, with a volume of 3396 shares trading hands. The stock had previously closed at $68.09.

Avantis U.S. Small Cap Equity ETF Stock Up 1.3%

The company has a market cap of $2.72 billion, a PE ratio of 14.03 and a beta of 1.05. The stock’s 50 day moving average is $65.32 and its 200-day moving average is $62.54.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Western Wealth Management LLC bought a new position in Avantis U.S. Small Cap Equity ETF during the first quarter valued at $310,000. Arkadios Wealth Advisors increased its position in Avantis U.S. Small Cap Equity ETF by 244.6% during the first 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 during the last quarter. EverSource Wealth Advisors LLC increased its position in Avantis U.S. Small Cap Equity ETF by 100.0% during the first quarter. EverSource Wealth Advisors LLC now owns 672 shares of the company’s stock valued at $42,000 after acquiring an additional 336 shares during the last quarter. Quantinno Capital Management LP increased its position in Avantis U.S. Small Cap Equity ETF by 157.0% during the first quarter. Quantinno Capital Management LP now owns 18,341 shares of the company’s stock valued at $1,143,000 after acquiring an additional 11,205 shares during the last quarter. Finally, Cardiff Park Advisors LLC increased its position in Avantis U.S. Small Cap Equity ETF by 106.7% during the first quarter. Cardiff Park Advisors LLC now owns 63,740 shares of the company’s stock valued at $3,971,000 after acquiring an additional 32,904 shares during the last quarter.

About Avantis U.S. Small Cap Equity ETF

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.