Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Sets New 12-Month High – What’s Next?
by Danessa Lincoln · The Markets DailyAvantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC – Get Free Report)’s stock price hit a new 52-week high during trading 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 Stock Up 0.0%
The stock has a market cap of $2.22 billion, a PE ratio of 14.03 and a beta of 1.10. The stock has a fifty day moving average of $58.75 and a 200-day moving average of $56.81.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its holdings in shares of Avantis U.S. Small Cap Equity ETF by 9.7% during the second quarter. Envestnet Asset Management Inc. now owns 12,591,513 shares of the company’s stock worth $649,344,000 after purchasing an additional 1,116,642 shares during the period. Cambridge Associates LLC MA ADV increased its stake in Avantis U.S. Small Cap Equity ETF by 1,420.1% in the 3rd quarter. Cambridge Associates LLC MA ADV now owns 837,617 shares of the company’s stock valued at $47,954,000 after buying an additional 782,514 shares during the period. Savant Capital LLC purchased a new position in Avantis U.S. Small Cap Equity ETF during the 3rd quarter worth $26,560,000. Creative Planning lifted its stake in shares of 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 worth $31,822,000 after acquiring an additional 450,876 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of Avantis U.S. Small Cap Equity ETF by 2.5% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 14,080,549 shares of the company’s stock worth $806,685,000 after acquiring an additional 341,562 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.