Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Hits New 52-Week Low – What’s Next?

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) hit a new 52-week low during trading on Monday . The company traded as low as $47.62 and last traded at $48.02, with a volume of 1842 shares changing hands. The stock had previously closed at $48.54.

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

The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 14.24 and a beta of 1.10. The business’s 50-day moving average is $52.68 and its two-hundred day moving average is $54.39.

Avantis U.S. Small Cap Equity ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.1386 per share. The ex-dividend date was Tuesday, March 25th.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its holdings in shares of Avantis U.S. Small Cap Equity ETF by 3.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,321,560 shares of the company’s stock valued at $669,800,000 after purchasing an additional 358,936 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Avantis U.S. Small Cap Equity ETF in the 4th quarter valued at approximately $624,284,000. Mason Investment Advisory Services Inc. grew its stake in shares of Avantis U.S. Small Cap Equity ETF by 0.7% in the 4th quarter. Mason Investment Advisory Services Inc. now owns 3,361,437 shares of the company’s stock valued at $182,728,000 after buying an additional 24,750 shares during the period. Atlantic Union Bankshares Corp increased its holdings in shares of Avantis U.S. Small Cap Equity ETF by 5.4% during the 4th quarter. Atlantic Union Bankshares Corp now owns 565,887 shares of the company’s stock worth $30,762,000 after buying an additional 29,061 shares during the last quarter. Finally, Elwood & Goetz Wealth Advisory Group LLC raised its position in shares of Avantis U.S. Small Cap Equity ETF by 4.4% during the 4th quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 564,006 shares of the company’s stock valued at $30,659,000 after buying an additional 24,005 shares during the period.

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.