Mission Wealth Management LP Has $40.54 Million Stock Position in Avantis Emerging Markets Equity ETF $AVEM

Mission Wealth Management LP grew its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 539,720 shares of the company’s stock after buying an additional 7,627 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for about 0.8% of Mission Wealth Management LP’s investment portfolio, making the stock its 18th biggest holding. Mission Wealth Management LP owned about 0.29% of Avantis Emerging Markets Equity ETF worth $40,538,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hantz Financial Services Inc. boosted its stake in 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 worth $25,000 after purchasing an additional 355 shares during the period. American Capital Advisory LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter valued at about $30,000. Tripletail Wealth Management LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter valued at about $49,000. Spire Wealth Management boosted its position in shares of Avantis Emerging Markets Equity ETF by 324.9% during the third quarter. Spire Wealth Management now owns 752 shares of the company’s stock worth $56,000 after buying an additional 575 shares during the period. Finally, Mather Group LLC. bought a new position in shares of Avantis Emerging Markets Equity ETF during the third quarter worth about $57,000.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of Avantis Emerging Markets Equity ETF stock opened at $83.40 on Tuesday. The firm has a market cap of $18.41 billion, a PE ratio of 12.66 and a beta of 0.68. The business’s 50 day simple moving average is $78.82 and its 200 day simple moving average is $75.63. Avantis Emerging Markets Equity ETF has a 52-week low of $52.52 and a 52-week high of $85.65.

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.