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

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 $74.14 and last traded at $74.08, with a volume of 6972 shares traded. The stock had previously closed at $73.70.

Avantis U.S. Small Cap Equity ETF Trading Up 1.8%

The business’s fifty day simple moving average is $71.42 and its two-hundred day simple moving average is $67.00. The stock has a market capitalization of $3.15 billion, a P/E ratio of 14.03 and a beta of 1.02.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Lam Group Inc. lifted its holdings in shares of Avantis U.S. Small Cap Equity ETF by 1.3% during the 2nd quarter. Lam Group Inc. now owns 26,200 shares of the company’s stock worth $1,922,000 after acquiring an additional 325 shares during the period. Mendota Financial Group LLC boosted its holdings in shares of Avantis U.S. Small Cap Equity ETF by 22.4% in the 2nd quarter. Mendota Financial Group LLC now owns 69,707 shares of the company’s stock worth $5,112,000 after acquiring an additional 12,753 shares in the last quarter. Choice Wealth Advisors LLC grew its holdings in shares of Avantis U.S. Small Cap Equity ETF by 5.1% during the second quarter. Choice Wealth Advisors LLC now owns 136,099 shares of the company’s stock worth $9,982,000 after purchasing an additional 6,630 shares during the last quarter. Arista Wealth Management LLC bought a new stake in Avantis U.S. Small Cap Equity ETF during the 2nd quarter worth about $235,000. Finally, Sprinkle Financial Consultants LLC bought a new stake in shares of Avantis U.S. Small Cap Equity ETF during the second quarter valued at approximately $392,000.

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.