Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Reaches New 1-Year High – Time to Buy?

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

Avantis U.S. Small Cap Equity ETF Price Performance

The firm has a fifty day simple moving average of $66.84 and a 200 day simple moving average of $63.42. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 14.03 and a beta of 1.04.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rothschild Investment LLC boosted its position in shares of Avantis U.S. Small Cap Equity ETF by 576.9% in the fourth quarter. Rothschild Investment LLC now owns 440 shares of the company’s stock valued at $26,000 after acquiring an additional 375 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Avantis U.S. Small Cap Equity ETF by 100.0% in 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 period. Evolution Wealth Management Inc. boosted its position in shares of Avantis U.S. Small Cap Equity ETF by 122.5% in the fourth quarter. Evolution Wealth Management Inc. now owns 839 shares of the company’s stock valued at $49,000 after acquiring an additional 462 shares during the period. Brown Brothers Harriman & Co. bought a new stake in shares of Avantis U.S. Small Cap Equity ETF in the fourth quarter valued at approximately $50,000. Finally, MCF Advisors LLC bought a new stake in shares of Avantis U.S. Small Cap Equity ETF in the fourth quarter valued at approximately $74,000.

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.