Tortoise Investment Management LLC Makes New Investment in Avantis U.S. Small Cap Equity ETF $AVSC

Tortoise Investment Management LLC bought a new stake in Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) in the third quarter, Holdings Channel reports. The institutional investor bought 178,500 shares of the company’s stock, valued at approximately $13,069,000.

Several other hedge funds have also made changes to their positions in AVSC. First Command Advisory Services Inc. purchased a new position in shares of Avantis U.S. Small Cap Equity ETF during the third quarter worth about $122,213,000. Elwood & Goetz Wealth Advisory Group LLC acquired a new stake in Avantis U.S. Small Cap Equity ETF during the 3rd quarter worth approximately $49,898,000. B&D White Capital Company LLC purchased a new position in shares of Avantis U.S. Small Cap Equity ETF in the 3rd quarter valued at approximately $46,622,000. Allegiance Financial Group Advisory Services LLC purchased a new position in shares of Avantis U.S. Small Cap Equity ETF in the 3rd quarter valued at approximately $40,896,000. Finally, Atwood & Palmer Inc. purchased a new position in shares of Avantis U.S. Small Cap Equity ETF in the 3rd quarter valued at approximately $35,992,000.

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

NYSEARCA:AVSC opened at $71.10 on Friday. The firm has a market cap of $3.21 billion, a P/E ratio of 15.32 and a beta of 1.02. The stock’s 50 day simple moving average is $70.73 and its 200-day simple moving average is $68.84. Avantis U.S. Small Cap Equity ETF has a 12-month low of $54.31 and a 12-month high of $75.30.

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.