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

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) shares reached a new 52-week high on Tuesday . The stock traded as high as $73.17 and last traded at $73.02, with a volume of 170294 shares. The stock had previously closed at $73.10.

Avantis U.S. Small Cap Equity ETF Stock Performance

The company has a market cap of $2.88 billion, a P/E ratio of 14.03 and a beta of 1.04. The stock’s fifty day moving average price is $68.93 and its two-hundred day moving average price is $64.81.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. HB Wealth Management LLC grew its stake in Avantis U.S. Small Cap Equity ETF by 0.7% during the first quarter. HB Wealth Management LLC now owns 27,927 shares of the company’s stock worth $1,740,000 after purchasing an additional 195 shares during the period. Summit Financial Wealth Advisors LLC lifted its stake in Avantis U.S. Small Cap Equity ETF by 5.8% in the first quarter. Summit Financial Wealth Advisors LLC now owns 3,867 shares of the company’s stock valued at $241,000 after buying an additional 212 shares during the period. Centennial Wealth Advisory LLC lifted its stake in Avantis U.S. Small Cap Equity ETF by 0.9% in the fourth quarter. Centennial Wealth Advisory LLC now owns 25,044 shares of the company’s stock valued at $1,471,000 after buying an additional 218 shares during the period. Evanson Asset Management LLC boosted its holdings in shares of Avantis U.S. Small Cap Equity ETF by 1.4% during the 4th quarter. Evanson Asset Management LLC now owns 17,653 shares of the company’s stock worth $1,037,000 after buying an additional 252 shares in the last quarter. Finally, Clune & Associates LTD. boosted its holdings in shares of Avantis U.S. Small Cap Equity ETF by 1.8% during the 4th quarter. Clune & Associates LTD. now owns 15,391 shares of the company’s stock worth $904,000 after buying an additional 269 shares in the last quarter.

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.