Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Reaches New 12-Month High – What’s Next?

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) hit a new 52-week high on Wednesday . The company traded as high as $62.34 and last traded at $62.08, with a volume of 145017 shares trading hands. The stock had previously closed at $62.06.

Avantis U.S. Small Cap Equity ETF Trading Up 1.2%

The business’s fifty day moving average price is $58.99 and its 200 day moving average price is $56.89. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 14.03 and a beta of 1.10.

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

Several hedge funds have recently made changes to their positions in AVSC. Retirement Financial Solutions LLC purchased a new position in shares of Avantis U.S. Small Cap Equity ETF in the 3rd quarter valued at approximately $16,083,000. Northwest Wealth Management LLC raised its stake in shares of Avantis U.S. Small Cap Equity ETF by 9.8% during the third quarter. Northwest Wealth Management LLC now owns 116,123 shares of the company’s stock worth $6,648,000 after purchasing an additional 10,370 shares during the last quarter. Atlas Wealth LLC lifted its holdings in shares of Avantis U.S. Small Cap Equity ETF by 28.4% during the second quarter. Atlas Wealth LLC now owns 21,430 shares of the company’s stock worth $1,130,000 after purchasing an additional 4,734 shares during the period. Creative Planning grew its position in Avantis U.S. Small Cap Equity ETF by 271.3% in the 2nd quarter. Creative Planning now owns 617,070 shares of the company’s stock valued at $31,822,000 after buying an additional 450,876 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC increased its stake in Avantis U.S. Small Cap Equity ETF by 22.2% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 123,199 shares of the company’s stock valued at $6,353,000 after buying an additional 22,347 shares during the period.

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.