Richmond Investment Services LLC Boosts Holdings in Avantis Emerging Markets Equity ETF $AVEM

Richmond Investment Services LLC grew its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 4.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,310 shares of the company’s stock after buying an additional 5,599 shares during the period. Avantis Emerging Markets Equity ETF accounts for about 1.8% of Richmond Investment Services LLC’s investment portfolio, making the stock its 14th largest position. Richmond Investment Services LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $11,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of AVEM. Asempa Wealth Advisors purchased a new stake in Avantis Emerging Markets Equity ETF during the fourth quarter valued at $939,000. Breakwater Capital Group lifted its stake in shares of Avantis Emerging Markets Equity ETF by 14.8% in the 4th quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock valued at $4,045,000 after purchasing an additional 6,774 shares during the last quarter. Greenwood Capital Associates LLC boosted its stake in Avantis Emerging Markets Equity ETF by 24.5% during the fourth quarter. Greenwood Capital Associates LLC now owns 50,241 shares of the company’s stock worth $3,870,000 after buying an additional 9,895 shares during the period. ACT Advisors LLC. grew its holdings in Avantis Emerging Markets Equity ETF by 3.4% during the 4th quarter. ACT Advisors LLC. now owns 307,508 shares of the company’s stock valued at $23,684,000 after purchasing an additional 10,245 shares during the last quarter. Finally, Armstrong Fleming & Moore Inc raised its position in Avantis Emerging Markets Equity ETF by 16.0% in the 4th quarter. Armstrong Fleming & Moore Inc now owns 233,841 shares of the company’s stock worth $18,010,000 after purchasing an additional 32,228 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:AVEM opened at $92.59 on Wednesday. Avantis Emerging Markets Equity ETF has a 1 year low of $68.27 and a 1 year high of $100.83. The business has a 50 day simple moving average of $94.56 and a two-hundred day simple moving average of $86.99. The firm has a market capitalization of $25.41 billion, a PE ratio of 12.66 and a beta of 0.73.

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.