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) reached a new 52-week high during trading on Tuesday . The company traded as high as $69.22 and last traded at $69.22, with a volume of 3396 shares. The stock had previously closed at $68.09.

Avantis U.S. Small Cap Equity ETF Price Performance

The stock’s fifty day moving average price is $65.32 and its 200 day moving average price is $62.54. The stock has a market capitalization of $2.72 billion, a P/E ratio of 14.03 and a beta of 1.05.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AVSC. Rothschild Investment LLC grew its holdings in Avantis U.S. Small Cap Equity ETF by 576.9% during the 4th quarter. Rothschild Investment LLC now owns 440 shares of the company’s stock worth $26,000 after acquiring an additional 375 shares in the last quarter. Root Financial Partners LLC bought a new position in Avantis U.S. Small Cap Equity ETF during the 3rd quarter worth about $27,000. EverSource Wealth Advisors LLC grew its holdings 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 worth $42,000 after acquiring an additional 336 shares in the last quarter. Evolution Wealth Management Inc. grew its holdings in Avantis U.S. Small Cap Equity ETF by 122.5% during the 4th quarter. Evolution Wealth Management Inc. now owns 839 shares of the company’s stock worth $49,000 after acquiring an additional 462 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in Avantis U.S. Small Cap Equity ETF during the 4th quarter worth about $50,000.

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.