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

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) shares 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 Trading Down 0.6 %

The stock has a market cap of $1.11 billion, a PE ratio of 10.76 and a beta of 1.18. The company has a fifty day moving average of $56.16 and a 200-day moving average of $54.66.

Hedge Funds Weigh In On Avantis U.S. Small Cap Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AVSC. Creative Planning raised its holdings in Avantis U.S. Small Cap Equity ETF by 384.9% in the second quarter. Creative Planning now owns 36,330 shares of the company’s stock valued at $1,813,000 after acquiring an additional 28,837 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Avantis U.S. Small Cap Equity ETF by 12.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 733,492 shares of the company’s stock valued at $36,609,000 after purchasing an additional 79,488 shares in the last quarter. Ariadne Wealth Management LP acquired a new position in shares of Avantis U.S. Small Cap Equity ETF during the second quarter worth $1,490,000. Park Avenue Securities LLC increased its holdings in Avantis U.S. Small Cap Equity ETF by 12.5% in the third quarter. Park Avenue Securities LLC now owns 126,359 shares of the company’s stock valued at $6,826,000 after buying an additional 13,995 shares during the last quarter. Finally, GEM Asset Management LLC raised its stake in Avantis U.S. Small Cap Equity ETF by 18.3% in the third quarter. GEM Asset Management LLC now owns 6,328 shares of the company’s stock valued at $336,000 after buying an additional 980 shares in the last quarter.

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.