NewEdge Advisors LLC increased its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 21.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 249,118 shares of the company’s stock after purchasing an additional 44,395 shares during the period. NewEdge Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $20,074,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of AVEM. Winch Advisory Services LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 1st quarter worth approximately $26,000. Glenmede Trust Co. NA acquired a new position in Avantis Emerging Markets Equity ETF in the first quarter valued at approximately $31,000. Rothschild Investment LLC lifted its holdings in Avantis Emerging Markets Equity ETF by 192.7% in the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock valued at $34,000 after acquiring an additional 289 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new position in Avantis Emerging Markets Equity ETF in the fourth quarter worth approximately $36,000. Finally, Hantz Financial Services Inc. grew its position in Avantis Emerging Markets Equity ETF by 49.5% in the fourth quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock worth $43,000 after acquiring an additional 183 shares during the period.
Avantis Emerging Markets Equity ETF Stock Up 0.7%
AVEM stock opened at $92.27 on Friday. Avantis Emerging Markets Equity ETF has a 52-week low of $70.27 and a 52-week high of $100.83. The stock has a market cap of $26.26 billion, a price-to-earnings ratio of 12.66 and a beta of 0.74. The business has a fifty day moving average of $93.46 and a two-hundred day moving average of $88.93.
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.
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