Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Sees Large Volume Increase – What’s Next?

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) shares saw an uptick in trading volume on Wednesday . Approximately 218,843 shares traded hands during trading, an increase of 65% from the previous session’s volume of 133,024 shares.The stock last traded at $70.80 and had previously closed at $70.56.

Avantis U.S. Small Cap Equity ETF Price Performance

The firm has a market cap of $2.80 billion, a PE ratio of 14.03 and a beta of 1.04. The stock has a 50-day moving average price of $68.09 and a 200 day moving average price of $64.17.

Institutional Trading of Avantis U.S. Small Cap Equity ETF

Hedge funds have recently added to or reduced their stakes in the business. Western Wealth Management LLC purchased a new stake in Avantis U.S. Small Cap Equity ETF in the 1st quarter valued at about $310,000. FAS Wealth Partners Inc. lifted its holdings in shares of Avantis U.S. Small Cap Equity ETF by 2.0% during the 1st quarter. FAS Wealth Partners Inc. now owns 277,447 shares of the company’s stock worth $17,285,000 after acquiring an additional 5,394 shares during the period. Summit Financial Wealth Advisors LLC boosted its position in shares of 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 worth $241,000 after acquiring an additional 212 shares during the last quarter. Arkadios Wealth Advisors boosted its position in shares of Avantis U.S. Small Cap Equity ETF by 244.6% in the first quarter. Arkadios Wealth Advisors now owns 15,206 shares of the company’s stock worth $947,000 after acquiring an additional 10,793 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Avantis U.S. Small Cap Equity ETF by 100.0% in the first quarter. EverSource Wealth Advisors LLC now owns 672 shares of the company’s stock valued at $42,000 after purchasing an additional 336 shares during the period.

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.