Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Sets New 1-Year High – Here’s Why

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

Avantis U.S. Small Cap Equity ETF Stock Down 0.4%

The stock has a market cap of $2.72 billion, a P/E ratio of 14.03 and a beta of 1.04. The business’s 50-day simple moving average is $67.16 and its two-hundred day simple moving average is $63.62.

Hedge Funds Weigh In On Avantis U.S. Small Cap Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AVSC. Rothschild Investment LLC boosted its position in Avantis U.S. Small Cap Equity ETF by 576.9% during 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 boosted 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 worth $42,000 after purchasing an additional 336 shares during the period. Evolution Wealth Management Inc. boosted its position in Avantis U.S. Small Cap Equity ETF by 122.5% during 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 during the fourth quarter worth about $50,000. Finally, MCF Advisors LLC bought a new position in shares of Avantis U.S. Small Cap Equity ETF in the fourth quarter valued at approximately $74,000.

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.