Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Hits New 52-Week High – Still a Buy?

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $75.17 and last traded at $75.05, with a volume of 11362 shares traded. The stock had previously closed at $74.58.

Avantis U.S. Small Cap Equity ETF Price Performance

The business has a 50-day simple moving average of $72.16 and a two-hundred day simple moving average of $67.55. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 14.03 and a beta of 1.02.

Institutional Investors Weigh In On Avantis U.S. Small Cap Equity ETF

A number of large investors have recently added to or reduced their stakes in AVSC. Rothschild Investment LLC increased its holdings 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 purchasing an additional 375 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 buying an additional 336 shares during the period. Evolution Wealth Management Inc. grew its stake in Avantis U.S. Small Cap Equity ETF by 122.5% in the 4th quarter. Evolution Wealth Management Inc. now owns 839 shares of the company’s stock valued at $49,000 after buying an additional 462 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in Avantis U.S. Small Cap Equity ETF in the 4th quarter valued at about $50,000. Finally, MCF Advisors LLC bought a new position in Avantis U.S. Small Cap Equity ETF in the 4th quarter valued at about $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.