Cornerstone Wealth Management LLC Purchases New Holdings in Avantis U.S. Small Cap Equity ETF $AVSC

Cornerstone Wealth Management LLC purchased a new position in Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,539 shares of the company’s stock, valued at approximately $867,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AVSC. Baker Tilly Wealth Management LLC purchased a new position in shares of Avantis U.S. Small Cap Equity ETF during the 3rd quarter valued at $1,150,000. National Wealth Management Group LLC purchased a new stake in Avantis U.S. Small Cap Equity ETF in the 3rd quarter worth $498,000. Flagship Harbor Advisors LLC purchased a new stake in Avantis U.S. Small Cap Equity ETF in the 3rd quarter worth $502,000. Plancorp LLC bought a new stake in Avantis U.S. Small Cap Equity ETF during the third quarter valued at about $13,798,000. Finally, Versant Capital Management Inc bought a new stake in Avantis U.S. Small Cap Equity ETF during the third quarter valued at about $1,248,000.

Avantis U.S. Small Cap Equity ETF Stock Down 1.3%

NYSEARCA:AVSC opened at $71.10 on Friday. The business’s 50-day simple moving average is $70.73 and its two-hundred day simple moving average is $68.84. Avantis U.S. Small Cap Equity ETF has a 52 week low of $54.31 and a 52 week high of $75.30. The stock has a market cap of $3.19 billion, a PE ratio of 15.32 and a beta of 1.02.

Avantis U.S. Small Cap Equity ETF 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.