Avantis Emerging Markets Value ETF (NYSEARCA:AVES) Position Lifted by Red Lighthouse Investment Management LLC

Red Lighthouse Investment Management LLC boosted its holdings in Avantis Emerging Markets Value ETF (NYSEARCA:AVES) by 2.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 212,507 shares of the company’s stock after purchasing an additional 5,329 shares during the quarter. Avantis Emerging Markets Value ETF accounts for approximately 4.1% of Red Lighthouse Investment Management LLC’s investment portfolio, making the stock its 7th largest holding. Red Lighthouse Investment Management LLC’s holdings in Avantis Emerging Markets Value ETF were worth $9,769,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA purchased a new position in Avantis Emerging Markets Value ETF in the fourth quarter valued at approximately $32,000. Orion Capital Management LLC purchased a new position in Avantis Emerging Markets Value ETF in the third quarter valued at approximately $37,000. CVA Family Office LLC purchased a new position in Avantis Emerging Markets Value ETF in the fourth quarter valued at approximately $41,000. CoreFirst Bank & Trust purchased a new stake in shares of Avantis Emerging Markets Value ETF during the third quarter valued at approximately $70,000. Finally, Capasso Planning Partners LLC purchased a new stake in shares of Avantis Emerging Markets Value ETF during the fourth quarter valued at approximately $204,000.

Avantis Emerging Markets Value ETF Stock Up 0.9 %

Shares of AVES traded up $0.44 during mid-day trading on Friday, reaching $47.91. 16,668 shares of the stock traded hands, compared to its average volume of 58,243. The firm has a market cap of $454.19 million, a price-to-earnings ratio of 7.72 and a beta of 0.66. The stock has a fifty day simple moving average of $47.27 and a 200 day simple moving average of $45.46. Avantis Emerging Markets Value ETF has a 12-month low of $41.50 and a 12-month high of $48.51.

Avantis Emerging Markets Value ETF Profile

The Avantis Emerging Markets Value ETF (AVES) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of emerging market equities with lower prices relative to their book values. AVES was launched on Sep 28, 2021 and is managed by American Century Investments.