Avantis Emerging Markets Equity ETF $AVEM Shares Purchased by Lakeridge Wealth Management LLC

Lakeridge Wealth Management LLC raised its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 12.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 73,358 shares of the company’s stock after purchasing an additional 7,848 shares during the period. Avantis Emerging Markets Equity ETF accounts for approximately 2.6% of Lakeridge Wealth Management LLC’s portfolio, making the stock its 10th biggest holding. Lakeridge Wealth Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $5,650,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AVEM. Exeter Financial LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at about $216,000. WESPAC Advisors SoCal LLC acquired a new position in Avantis Emerging Markets Equity ETF during the fourth quarter worth about $1,285,000. Fulcrum Equity Management acquired a new position in Avantis Emerging Markets Equity ETF during the fourth quarter worth about $349,000. Freedom Financial Partners LLC grew its stake in Avantis Emerging Markets Equity ETF by 4.3% during the 4th quarter. Freedom Financial Partners LLC now owns 128,924 shares of the company’s stock valued at $9,930,000 after acquiring an additional 5,271 shares in the last quarter. Finally, First Hawaiian Bank grew its stake in Avantis Emerging Markets Equity ETF by 7.7% during the 4th quarter. First Hawaiian Bank now owns 99,311 shares of the company’s stock valued at $7,649,000 after acquiring an additional 7,081 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 3.5%

AVEM stock opened at $79.02 on Friday. The firm has a 50-day moving average of $83.93 and a two-hundred day moving average of $78.87. Avantis Emerging Markets Equity ETF has a 12 month low of $52.52 and a 12 month high of $89.75. The company has a market cap of $17.46 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68.

Avantis Emerging Markets Equity ETF Profile

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.