Creative Planning Invests $180.78 Million in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Creative Planning bought a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,583,397 shares of the company’s stock, valued at approximately $180,782,000. Creative Planning owned 7.28% of Avantis Emerging Markets Equity ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of AVEM. Flow Traders U.S. LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF during the first quarter worth approximately $866,000. Cowa LLC increased its holdings in Avantis Emerging Markets Equity ETF by 3,504.4% during the first quarter. Cowa LLC now owns 473,407 shares of the company’s stock valued at $281,000 after buying an additional 460,273 shares during the period. First Republic Investment Management Inc. purchased a new position in Avantis Emerging Markets Equity ETF during the first quarter valued at approximately $2,994,000. Eaton Vance Management increased its holdings in Avantis Emerging Markets Equity ETF by 112.1% during the first quarter. Eaton Vance Management now owns 22,467 shares of the company’s stock valued at $1,332,000 after buying an additional 11,873 shares during the period. Finally, Royal Bank of Canada increased its holdings in Avantis Emerging Markets Equity ETF by 3,268.8% during the first quarter. Royal Bank of Canada now owns 15,530 shares of the company’s stock valued at $921,000 after buying an additional 15,069 shares during the period.

Avantis Emerging Markets Equity ETF Stock Up 1.3 %

AVEM stock traded up $0.70 during trading on Friday, hitting $52.69. 60,378 shares of the company’s stock traded hands, compared to its average volume of 271,974. The firm has a market capitalization of $3.06 billion, a P/E ratio of 7.73 and a beta of 0.80. The business has a fifty day simple moving average of $52.53 and a two-hundred day simple moving average of $52.32. Avantis Emerging Markets Equity ETF has a 1 year low of $44.37 and a 1 year high of $56.99.

About Avantis Emerging Markets Equity ETF

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The Avantis Emerging Markets Equity ETF (AVEM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation.