Fortress Financial Solutions LLC Makes New Investment in Avantis Emerging Markets Equity ETF $AVEM

Fortress Financial Solutions LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,843 shares of the company’s stock, valued at approximately $1,019,000. Avantis Emerging Markets Equity ETF accounts for 0.9% of Fortress Financial Solutions LLC’s investment portfolio, making the stock its 28th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE raised its position in shares of Avantis Emerging Markets Equity ETF by 45.1% in the first quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock valued at $2,310,765,000 after purchasing an additional 8,908,264 shares during the period. Align Financial LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF during the 4th quarter worth about $528,227,000. PNC Financial Services Group Inc. boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 6.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,329,760 shares of the company’s stock worth $187,732,000 after buying an additional 131,390 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 13.3% during the 1st quarter. Cetera Investment Advisers now owns 1,868,208 shares of the company’s stock worth $150,540,000 after buying an additional 219,618 shares during the period. Finally, Annex Advisory Services LLC boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 1.0% during the 2nd quarter. Annex Advisory Services LLC now owns 1,548,921 shares of the company’s stock worth $149,455,000 after buying an additional 15,884 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

AVEM traded down $1.80 on Wednesday, reaching $91.02. The company had a trading volume of 1,721,068 shares, compared to its average volume of 1,912,484. Avantis Emerging Markets Equity ETF has a fifty-two week low of $73.79 and a fifty-two week high of $100.83. The stock has a market cap of $27.52 billion, a P/E ratio of 12.66 and a beta of 0.75. The company’s fifty day moving average is $94.23 and its 200 day moving average is $92.47.

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.