WealthPlan Investment Management LLC Grows Position in Avantis Emerging Markets Equity ETF $AVEM

WealthPlan Investment Management LLC raised its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 22.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 223,528 shares of the company’s stock after buying an additional 41,661 shares during the period. Avantis Emerging Markets Equity ETF comprises 1.1% of WealthPlan Investment Management LLC’s investment portfolio, making the stock its 24th biggest position. WealthPlan Investment Management LLC owned approximately 0.12% of Avantis Emerging Markets Equity ETF worth $16,789,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of AVEM. Hantz Financial Services Inc. increased its stake in shares of Avantis Emerging Markets Equity ETF by 2,366.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock valued at $25,000 after purchasing an additional 355 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in Avantis Emerging Markets Equity ETF by 213.4% in the second quarter. AdvisorNet Financial Inc now owns 492 shares of the company’s stock valued at $34,000 after purchasing an additional 335 shares during the period. Tripletail Wealth Management LLC acquired a new stake in Avantis Emerging Markets Equity ETF in the third quarter valued at approximately $49,000. Spire Wealth Management increased its position in shares of Avantis Emerging Markets Equity ETF by 324.9% in the third quarter. Spire Wealth Management now owns 752 shares of the company’s stock valued at $56,000 after buying an additional 575 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth approximately $57,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:AVEM opened at $80.56 on Wednesday. The business’s 50 day moving average price is $77.16 and its 200-day moving average price is $74.30. Avantis Emerging Markets Equity ETF has a 1 year low of $52.52 and a 1 year high of $81.07. The firm has a market capitalization of $16.93 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68.

About Avantis Emerging Markets Equity ETF

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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.