Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Trading Down 0.4% – Time to Sell?

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

Avantis U.S. Small Cap Equity ETF Trading Down 2.4 %

The company’s 50-day moving average is $56.59 and its two-hundred day moving average is $54.17. The stock has a market capitalization of $1.05 billion, a P/E ratio of 10.76 and a beta of 1.18.

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

Several hedge funds and other institutional investors have recently modified their holdings of AVSC. Envestnet Asset Management Inc. increased its holdings in Avantis U.S. Small Cap Equity ETF by 11.4% in the 2nd 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 period. Freedom Investment Management Inc. acquired a new stake in Avantis U.S. Small Cap Equity ETF during the 3rd quarter worth approximately $9,520,000. Pacific Life Fund Advisors LLC lifted its position in shares of Avantis U.S. Small Cap Equity ETF by 169.4% in the third quarter. Pacific Life Fund Advisors LLC now owns 267,190 shares of the company’s stock worth $14,434,000 after purchasing an additional 168,005 shares in the last quarter. Simplicity Wealth LLC grew its position in shares of Avantis U.S. Small Cap Equity ETF by 823.4% in the 3rd quarter. Simplicity Wealth LLC now owns 151,138 shares of the company’s stock valued at $8,164,000 after acquiring an additional 134,770 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Avantis U.S. Small Cap Equity ETF by 12.2% in the second 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 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.