Cornerstone Wealth Partners LLC Makes New Investment in Avantis U.S. Small Cap Equity ETF $AVSC

Cornerstone Wealth Partners LLC bought a new position in Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 282,093 shares of the company’s stock, valued at approximately $16,571,000. Avantis U.S. Small Cap Equity ETF makes up about 11.5% of Cornerstone Wealth Partners LLC’s holdings, making the stock its 4th biggest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elwood & Goetz Wealth Advisory Group LLC lifted its position in Avantis U.S. Small Cap Equity ETF by 7.5% in the 4th quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 636,669 shares of the company’s stock worth $37,398,000 after buying an additional 44,193 shares in the last quarter. Lam Group Inc. lifted its position in Avantis U.S. Small Cap Equity ETF by 90.4% in the 4th quarter. Lam Group Inc. now owns 19,335 shares of the company’s stock worth $1,136,000 after buying an additional 9,180 shares in the last quarter. AE Wealth Management LLC lifted its position in Avantis U.S. Small Cap Equity ETF by 9.5% in the 4th quarter. AE Wealth Management LLC now owns 606,160 shares of the company’s stock worth $35,606,000 after buying an additional 52,433 shares in the last quarter. Simplicity Wealth LLC lifted its position in Avantis U.S. Small Cap Equity ETF by 5.2% in the 4th quarter. Simplicity Wealth LLC now owns 218,841 shares of the company’s stock worth $12,855,000 after buying an additional 10,723 shares in the last quarter. Finally, CWM LLC lifted its position in Avantis U.S. Small Cap Equity ETF by 5.9% in the 4th quarter. CWM LLC now owns 181,631 shares of the company’s stock worth $10,669,000 after buying an additional 10,113 shares in the last quarter.

Avantis U.S. Small Cap Equity ETF Stock Down 0.5%

AVSC stock opened at $70.56 on Wednesday. Avantis U.S. Small Cap Equity ETF has a 12-month low of $49.58 and a 12-month high of $71.89. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 14.03 and a beta of 1.04. The company has a 50 day moving average of $67.81 and a two-hundred day moving average of $64.00.

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.