Sax Wealth Advisors LLC Raises Stock Position in Avantis Emerging Markets Equity ETF $AVEM

Sax Wealth Advisors LLC grew its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 368.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,814 shares of the company’s stock after acquiring an additional 60,421 shares during the period. Sax Wealth Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $7,412,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. IFP Advisors Inc increased its stake in Avantis Emerging Markets Equity ETF by 0.4% in the 4th quarter. IFP Advisors Inc now owns 28,429 shares of the company’s stock valued at $2,190,000 after purchasing an additional 120 shares in the last quarter. Investmark Advisory Group LLC boosted its position in Avantis Emerging Markets Equity ETF by 1.8% during the fourth quarter. Investmark Advisory Group LLC now owns 6,712 shares of the company’s stock worth $517,000 after purchasing an additional 121 shares in the last quarter. BLVD Private Wealth LLC boosted its position in Avantis Emerging Markets Equity ETF by 0.6% during the fourth quarter. BLVD Private Wealth LLC now owns 22,285 shares of the company’s stock worth $1,716,000 after purchasing an additional 140 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in Avantis Emerging Markets Equity ETF by 11.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,356 shares of the company’s stock valued at $104,000 after purchasing an additional 140 shares during the last quarter. Finally, Pathstone Holdings LLC grew its holdings in Avantis Emerging Markets Equity ETF by 0.7% in the third quarter. Pathstone Holdings LLC now owns 22,116 shares of the company’s stock valued at $1,661,000 after purchasing an additional 144 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 0.7%

Shares of AVEM stock opened at $92.27 on Friday. The stock has a market cap of $26.26 billion, a P/E ratio of 12.66 and a beta of 0.74. Avantis Emerging Markets Equity ETF has a fifty-two week low of $70.27 and a fifty-two week high of $100.83. The business has a fifty day simple moving average of $93.46 and a 200-day simple moving average of $88.93.

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.