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) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $68.59 and last traded at $68.51, with a volume of 25279 shares trading hands. The stock had previously closed at $67.56.

Avantis U.S. Small Cap Equity ETF Stock Up 1.4%

The stock has a market cap of $2.70 billion, a P/E ratio of 14.03 and a beta of 1.05. The business has a 50 day moving average price of $64.11 and a 200 day moving average price of $61.48.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV grew its stake in Avantis U.S. Small Cap Equity ETF by 2.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 14,459,274 shares of the company’s stock worth $849,338,000 after purchasing an additional 378,725 shares in the last quarter. Mason Investment Advisory Services Inc. grew its stake in Avantis U.S. Small Cap Equity ETF by 2.7% in the fourth quarter. Mason Investment Advisory Services Inc. now owns 3,607,787 shares of the company’s stock worth $211,921,000 after purchasing an additional 96,254 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Avantis U.S. Small Cap Equity ETF by 5.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,164,381 shares of the company’s stock worth $68,396,000 after purchasing an additional 56,697 shares in the last quarter. Wealth Management Nebraska grew its stake in Avantis U.S. Small Cap Equity ETF by 11.6% in the fourth quarter. Wealth Management Nebraska now owns 1,010,452 shares of the company’s stock worth $59,354,000 after purchasing an additional 105,187 shares in the last quarter. Finally, Cambridge Associates LLC MA ADV grew its stake in Avantis U.S. Small Cap Equity ETF by 10.2% in the fourth quarter. Cambridge Associates LLC MA ADV now owns 922,735 shares of the company’s stock worth $54,201,000 after purchasing an additional 85,118 shares in 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.