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

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $69.22 and last traded at $69.22, with a volume of 3396 shares traded. The stock had previously closed at $68.09.

Avantis U.S. Small Cap Equity ETF Trading Up 0.3%

The stock’s 50-day moving average is $65.64 and its 200-day moving average is $62.71. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 14.03 and a beta of 1.05.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AVSC. Rothschild Investment LLC grew its holdings in shares of Avantis U.S. Small Cap Equity ETF by 576.9% in the 4th quarter. Rothschild Investment LLC now owns 440 shares of the company’s stock worth $26,000 after acquiring an additional 375 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Avantis U.S. Small Cap Equity ETF in the 3rd quarter valued at approximately $27,000. EverSource Wealth Advisors LLC increased its position in Avantis U.S. Small Cap Equity ETF by 100.0% during the first 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 last quarter. Evolution Wealth Management Inc. increased its position in Avantis U.S. Small Cap Equity ETF by 122.5% during the fourth quarter. Evolution Wealth Management Inc. now owns 839 shares of the company’s stock worth $49,000 after buying an additional 462 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Avantis U.S. Small Cap Equity ETF in the fourth quarter valued at approximately $50,000.

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.