Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Sees Strong Trading Volume – Should You Buy?

Shares of Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) saw unusually-strong trading volume on Tuesday . Approximately 48,968 shares traded hands during mid-day trading, a decline of 23% from the previous session’s volume of 63,501 shares.The stock last traded at $55.75 and had previously closed at $55.85.

Avantis U.S. Small Cap Equity ETF Stock Down 0.6 %

The firm has a market capitalization of $1.11 billion, a PE ratio of 10.76 and a beta of 1.18. The company’s 50-day simple moving average is $56.16 and its 200 day simple moving average is $54.66.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp purchased a new stake in Avantis U.S. Small Cap Equity ETF during the 4th quarter valued at about $25,000. Capital Performance Advisors LLP acquired a new stake in shares of Avantis U.S. Small Cap Equity ETF in the third quarter worth $66,000. Sequent Asset Management LLC purchased a new position in shares of Avantis U.S. Small Cap Equity ETF during the third quarter worth $209,000. Arista Wealth Management LLC purchased a new position in shares of Avantis U.S. Small Cap Equity ETF during the third quarter worth $211,000. Finally, Hutchens & Kramer Investment Management Group LLC acquired a new position in Avantis U.S. Small Cap Equity ETF during the third quarter valued at $217,000.

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.