Envestnet Asset Management Inc. Purchases 429,421 Shares of Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC)

Envestnet Asset Management Inc. grew its position in shares of Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,864,106 shares of the company’s stock after purchasing an additional 429,421 shares during the period. Envestnet Asset Management Inc. owned about 73.57% of Avantis U.S. Small Cap Equity ETF worth $350,481,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AVSC. Mercer Global Advisors Inc. ADV increased its holdings in Avantis U.S. Small Cap Equity ETF by 69.2% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 6,255,823 shares of the company’s stock valued at $276,945,000 after purchasing an additional 2,559,207 shares during the period. Atlantic Union Bankshares Corp purchased a new position in Avantis U.S. Small Cap Equity ETF during the 4th quarter valued at about $8,756,000. B&D White Capital Company LLC purchased a new position in Avantis U.S. Small Cap Equity ETF during the 4th quarter valued at about $4,550,000. Wheelhouse Advisory Group LLC purchased a new position in Avantis U.S. Small Cap Equity ETF during the 4th quarter valued at about $4,529,000. Finally, CAP Partners LLC purchased a new position in shares of Avantis U.S. Small Cap Equity ETF during the 4th quarter worth approximately $3,773,000.

Avantis U.S. Small Cap Equity ETF Stock Performance

AVSC stock opened at $50.22 on Friday. Avantis U.S. Small Cap Equity ETF has a fifty-two week low of $40.99 and a fifty-two week high of $52.67. The business’s 50 day moving average price is $50.51 and its two-hundred day moving average price is $49.83. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 10.76 and a beta of 1.18.

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.