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)’s share price hit a new 52-week low on Monday . The stock traded as low as $41.58 and last traded at $41.58, with a volume of 7936 shares trading hands. The stock had previously closed at $43.74.

Avantis U.S. Small Cap Equity ETF Trading Down 0.7 %

The company has a market cap of $1.25 billion, a price-to-earnings ratio of 14.20 and a beta of 1.10. The business has a fifty day moving average of $51.81 and a two-hundred day moving average of $54.17.

Avantis U.S. Small Cap Equity ETF Cuts Dividend

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

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

Institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp purchased a new position in Avantis U.S. Small Cap Equity ETF during the fourth quarter valued at $25,000. Signaturefd LLC raised its position in shares of Avantis U.S. Small Cap Equity ETF by 16,790.0% during the 4th quarter. Signaturefd LLC now owns 1,689 shares of the company’s stock worth $92,000 after purchasing an additional 1,679 shares during the last quarter. Accredited Wealth Management LLC acquired a new stake in Avantis U.S. Small Cap Equity ETF in the 4th quarter worth about $109,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Avantis U.S. Small Cap Equity ETF during the 4th quarter worth approximately $177,000. Finally, Lionshead Wealth Management LLC acquired a new position in shares of Avantis U.S. Small Cap Equity ETF during the fourth quarter valued at approximately $214,000.

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.