JPMorgan Chase & Co. Lowers Holdings in Avantis U.S. Small Cap Equity ETF $AVSC

JPMorgan Chase & Co. reduced its holdings in shares of Avantis U.S. Small Cap Equity ETF (NYSEARCA:AVSC) by 13.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,902 shares of the company’s stock after selling 8,818 shares during the period. JPMorgan Chase & Co. owned about 0.16% of Avantis U.S. Small Cap Equity ETF worth $3,200,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in AVSC. Evolution Wealth Management Inc. acquired a new position in shares of Avantis U.S. Small Cap Equity ETF in the second quarter worth $25,000. Root Financial Partners LLC acquired a new position in Avantis U.S. Small Cap Equity ETF during the 3rd quarter worth $27,000. YANKCOM Partnership acquired a new stake in Avantis U.S. Small Cap Equity ETF in the 3rd quarter valued at about $29,000. Global Retirement Partners LLC raised its position in Avantis U.S. Small Cap Equity ETF by 82.4% in the 3rd quarter. Global Retirement Partners LLC now owns 549 shares of the company’s stock valued at $31,000 after purchasing an additional 248 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in shares of Avantis U.S. Small Cap Equity ETF in the 3rd quarter valued at about $40,000.

Avantis U.S. Small Cap Equity ETF Stock Performance

Shares of Avantis U.S. Small Cap Equity ETF stock opened at $62.99 on Friday. The business has a 50-day simple moving average of $63.18 and a 200-day simple moving average of $60.23. Avantis U.S. Small Cap Equity ETF has a one year low of $41.58 and a one year high of $65.93. The company has a market cap of $2.45 billion, a PE ratio of 14.03 and a beta of 1.10.

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.