Syntegra Private Wealth Group LLC Takes $15.29 Million Position in Avantis Emerging Markets Equity ETF $AVEM

Syntegra Private Wealth Group LLC bought a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 189,784 shares of the company’s stock, valued at approximately $15,293,000. Avantis Emerging Markets Equity ETF accounts for 1.5% of Syntegra Private Wealth Group LLC’s investment portfolio, making the stock its 12th largest holding. Syntegra Private Wealth Group LLC owned about 0.07% of Avantis Emerging Markets Equity ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. AQR Capital Management LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF by 13.2% in the 1st quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock valued at $1,336,000 after buying an additional 2,596 shares during the period. M&T Bank Corp acquired a new position in shares of Avantis Emerging Markets Equity ETF during the second quarter worth about $287,000. Diversify Advisory Services LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the second quarter worth approximately $478,000. Diversify Wealth Management LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 20.3% during the second quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock worth $946,000 after buying an additional 2,244 shares during the period. Finally, Quantinno Capital Management LP increased its stake in shares of Avantis Emerging Markets Equity ETF by 74.1% during the second quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock worth $1,010,000 after buying an additional 6,271 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:AVEM opened at $92.44 on Friday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $68.15 and a fifty-two week high of $100.83. The firm’s 50 day moving average price is $94.36 and its 200 day moving average price is $86.65. The stock has a market cap of $25.11 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73.

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.