Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) Hits New 52-Week Low – Time to Sell?

Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $41.58 and last traded at $41.58, with a volume of 7936 shares. The stock had previously closed at $43.74.

Avantis U.S. Small Cap Equity ETF Price Performance

The stock’s fifty day moving average price is $51.81 and its 200-day moving average price is $54.17. The firm has a market cap of $1.25 billion, a PE ratio of 14.20 and a beta of 1.10.

Avantis U.S. Small Cap Equity ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 25th were issued a $0.1386 dividend. The ex-dividend date was Tuesday, March 25th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased 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 last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Avantis U.S. Small Cap Equity ETF in the 4th quarter valued at $624,284,000. Mason Investment Advisory Services Inc. increased 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 worth $182,728,000 after acquiring an additional 24,750 shares during the last quarter. Atlantic Union Bankshares Corp raised 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 acquiring an additional 29,061 shares during the period. Finally, Elwood & Goetz Wealth Advisory Group LLC raised its holdings 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 worth $30,659,000 after acquiring an additional 24,005 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.