Freedom Investment Management Inc. Invests $9.52 Million in Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC)

Freedom Investment Management Inc. purchased a new position in shares of Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 176,230 shares of the company’s stock, valued at approximately $9,520,000. Avantis U.S. Small Cap Equity ETF comprises approximately 0.8% of Freedom Investment Management Inc.’s portfolio, making the stock its 26th largest position.

A number of other institutional investors have also made changes to their positions in the stock. Lion Street Advisors LLC grew its stake in Avantis U.S. Small Cap Equity ETF by 4.7% in the 3rd quarter. Lion Street Advisors LLC now owns 7,789 shares of the company’s stock valued at $421,000 after buying an additional 347 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Avantis U.S. Small Cap Equity ETF by 6.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,061 shares of the company’s stock worth $402,000 after acquiring an additional 470 shares during the last quarter. Index Fund Advisors Inc. increased its position in Avantis U.S. Small Cap Equity ETF by 9.1% during the second quarter. Index Fund Advisors Inc. now owns 5,650 shares of the company’s stock worth $282,000 after acquiring an additional 471 shares during the period. Waypoint Capital Advisors LLC raised its stake in Avantis U.S. Small Cap Equity ETF by 0.3% during the 3rd quarter. Waypoint Capital Advisors LLC now owns 185,633 shares of the company’s stock valued at $10,028,000 after purchasing an additional 597 shares during the last quarter. Finally, Creative Planning boosted its holdings in Avantis U.S. Small Cap Equity ETF by 2.0% in the 3rd quarter. Creative Planning now owns 37,053 shares of the company’s stock valued at $2,002,000 after purchasing an additional 723 shares during the period.

Avantis U.S. Small Cap Equity ETF Stock Performance

NYSEARCA:AVSC opened at $58.85 on Wednesday. The firm’s 50-day moving average is $55.02 and its 200-day moving average is $52.95. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 10.76 and a beta of 1.18. Avantis U.S. Small Cap Equity ETF has a 52-week low of $44.70 and a 52-week high of $60.28.

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.