Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Sets New 1-Year High – Should You Buy?

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $61.27 and last traded at $61.34, with a volume of 117314 shares traded. The stock had previously closed at $60.62.

Avantis U.S. Small Cap Equity ETF Stock Up 1.5%

The stock has a 50-day simple moving average of $58.36 and a two-hundred day simple moving average of $56.47. The firm has a market cap of $2.20 billion, a PE ratio of 14.03 and a beta of 1.10.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC purchased a new position in shares of Avantis U.S. Small Cap Equity ETF during the third quarter worth approximately $27,000. Evolution Wealth Management Inc. bought a new position in shares of Avantis U.S. Small Cap Equity ETF during the 2nd quarter valued at $25,000. YANKCOM Partnership purchased a new position in Avantis U.S. Small Cap Equity ETF in the 3rd quarter worth $29,000. Global Retirement Partners LLC lifted its stake in Avantis U.S. Small Cap Equity ETF by 82.4% in the third quarter. Global Retirement Partners LLC now owns 549 shares of the company’s stock worth $31,000 after purchasing an additional 248 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in Avantis U.S. Small Cap Equity ETF in the third quarter worth $40,000.

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.