Ariadne Wealth Management LP Invests $1.49 Million in Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC)

Ariadne Wealth Management LP purchased a new position in shares of Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 29,857 shares of the company’s stock, valued at approximately $1,490,000. Avantis U.S. Small Cap Equity ETF makes up 0.8% of Ariadne Wealth Management LP’s investment portfolio, making the stock its 28th biggest position. Ariadne Wealth Management LP owned approximately 0.15% of Avantis U.S. Small Cap Equity ETF at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AVSC. Prevail Innovative Wealth Advisors LLC grew its stake in shares of Avantis U.S. Small Cap Equity ETF by 277.3% in the first quarter. Prevail Innovative Wealth Advisors LLC now owns 99,120 shares of the company’s stock valued at $5,190,000 after buying an additional 72,851 shares in the last quarter. Tillman Hartley LLC raised its holdings in shares of Avantis U.S. Small Cap Equity ETF by 14.6% in the second quarter. Tillman Hartley LLC now owns 23,553 shares of the company’s stock worth $1,176,000 after acquiring an additional 3,007 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Avantis U.S. Small Cap Equity ETF by 105.0% during the fourth quarter. Chicago Partners Investment Group LLC now owns 31,833 shares of the company’s stock worth $1,566,000 after purchasing an additional 16,301 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Avantis U.S. Small Cap Equity ETF by 6.2% during 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. Finally, Claro Advisors LLC boosted its position in shares of Avantis U.S. Small Cap Equity ETF by 1.6% in the first quarter. Claro Advisors LLC now owns 14,336 shares of the company’s stock worth $751,000 after buying an additional 222 shares during the period.

Avantis U.S. Small Cap Equity ETF Trading Up 0.4 %

Shares of NYSEARCA:AVSC opened at $54.02 on Tuesday. The firm has a market cap of $1.08 billion, a PE ratio of 10.76 and a beta of 1.18. Avantis U.S. Small Cap Equity ETF has a 12-month low of $40.99 and a 12-month high of $57.31. The company has a fifty day simple moving average of $53.13 and a 200 day simple moving average of $51.50.

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.