Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Stock Price Down 0.4% – Should You Sell?

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC)’s share price fell 0.4% on Thursday . The company traded as low as $53.28 and last traded at $53.95. 65,863 shares traded hands during mid-day trading, an increase of 13% from the average session volume of 58,113 shares. The stock had previously closed at $54.18.

Avantis U.S. Small Cap Equity ETF Trading Down 0.4 %

The company has a market capitalization of $1.08 billion, a PE ratio of 10.76 and a beta of 1.18. The stock has a fifty day simple moving average of $56.60 and a 200-day simple moving average of $54.14.

Institutional Investors Weigh In On Avantis U.S. Small Cap Equity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its stake in Avantis U.S. Small Cap Equity ETF by 13.5% in the second quarter. Commonwealth Equity Services LLC now owns 42,197 shares of the company’s stock valued at $2,106,000 after buying an additional 5,012 shares during the last quarter. American Century Companies Inc. boosted its stake in Avantis U.S. Small Cap Equity ETF by 10.2% during the 2nd quarter. American Century Companies Inc. now owns 256,120 shares of the company’s stock worth $12,783,000 after purchasing an additional 23,602 shares during the period. Prevail Innovative Wealth Advisors LLC grew its position in Avantis U.S. Small Cap Equity ETF by 6.7% during the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 105,720 shares of the company’s stock worth $5,276,000 after purchasing an additional 6,600 shares during the last quarter. Hardin Capital Partners LLC acquired a new position in Avantis U.S. Small Cap Equity ETF in the second quarter valued at $345,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Avantis U.S. Small Cap Equity ETF by 11.4% in the second quarter. Envestnet Asset Management Inc. now owns 10,630,989 shares of the company’s stock valued at $530,593,000 after buying an additional 1,086,543 shares during 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.