Bauman Advisory Group LLC Takes Position in Avantis Emerging Markets Equity ETF $AVEM

Bauman Advisory Group LLC purchased a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the 1st quarter, HoldingsChannel reports. The fund purchased 26,481 shares of the company’s stock, valued at approximately $2,134,000. Avantis Emerging Markets Equity ETF accounts for about 1.5% of Bauman Advisory Group LLC’s holdings, making the stock its 16th biggest position.

A number of other hedge funds also recently bought and sold shares of the company. Independent Financial Group LLC purchased a new position in Avantis Emerging Markets Equity ETF in the first quarter worth about $569,000. Wealthfront Advisers LLC grew its holdings in shares of Avantis Emerging Markets Equity ETF by 6.1% during the first quarter. Wealthfront Advisers LLC now owns 19,775 shares of the company’s stock valued at $1,593,000 after buying an additional 1,136 shares during the last quarter. D.A. Davidson & CO. bought a new stake in shares of Avantis Emerging Markets Equity ETF during the first quarter valued at approximately $621,000. Marks Group Wealth Management Inc increased its position in shares of Avantis Emerging Markets Equity ETF by 1,031.9% during the first quarter. Marks Group Wealth Management Inc now owns 31,941 shares of the company’s stock valued at $2,574,000 after acquiring an additional 29,119 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Avantis Emerging Markets Equity ETF by 151.4% during the first quarter. Bank of New York Mellon Corp now owns 528,977 shares of the company’s stock valued at $42,625,000 after acquiring an additional 318,588 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Down 1.7%

Shares of NYSEARCA AVEM opened at $90.39 on Friday. The firm has a market cap of $25.03 billion, a P/E ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a twelve month low of $68.27 and a twelve month high of $100.83. The company has a 50 day moving average of $94.74 and a 200 day moving average of $87.78.

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.