Avantis Emerging Markets Equity ETF $AVEM Shares Acquired by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc increased its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 54.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 941,057 shares of the company’s stock after acquiring an additional 330,625 shares during the period. Avantis Emerging Markets Equity ETF makes up about 4.5% of Fragasso Financial Advisors Inc’s portfolio, making the stock its 7th largest holding. Fragasso Financial Advisors Inc’s holdings in Avantis Emerging Markets Equity ETF were worth $88,563,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Fermata Advisors LLC lifted its stake in Avantis Emerging Markets Equity ETF by 953.7% during the third quarter. Fermata Advisors LLC now owns 23,983 shares of the company’s stock worth $2,255,000 after purchasing an additional 21,707 shares in the last quarter. Midwest Financial Network LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 13.1% during the third quarter. Midwest Financial Network LLC now owns 2,407 shares of the company’s stock worth $226,000 after buying an additional 279 shares during the period. Friday Financial grew its stake in shares of Avantis Emerging Markets Equity ETF by 64.0% in the third quarter. Friday Financial now owns 32,208 shares of the company’s stock valued at $3,029,000 after buying an additional 12,569 shares in the last quarter. Atlas Brown Inc. grew its stake in shares of Avantis Emerging Markets Equity ETF by 4.4% in the third quarter. Atlas Brown Inc. now owns 16,624 shares of the company’s stock valued at $1,563,000 after buying an additional 697 shares in the last quarter. Finally, Sprinkle Financial Consultants LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 6.1% in the third quarter. Sprinkle Financial Consultants LLC now owns 37,595 shares of the company’s stock valued at $3,535,000 after buying an additional 2,154 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM stock traded down $0.70 on Tuesday, hitting $92.57. The stock had a trading volume of 1,049,560 shares, compared to its average volume of 1,907,084. The firm has a market capitalization of $27.98 billion, a P/E ratio of 12.66 and a beta of 0.75. Avantis Emerging Markets Equity ETF has a 1 year low of $73.79 and a 1 year high of $100.83. The company’s 50 day moving average price is $94.25 and its 200-day moving average price is $92.31.

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.