Brookstone Capital Management Acquires New Holdings in Avantis Emerging Markets Equity ETF $AVEM

Brookstone Capital Management acquired a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the third quarter, HoldingsChannel.com reports. The fund acquired 83,278 shares of the company’s stock, valued at approximately $7,830,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AVEM. SeaCrest Wealth Management LLC raised its position in Avantis Emerging Markets Equity ETF by 5.6% in the third quarter. SeaCrest Wealth Management LLC now owns 3,775 shares of the company’s stock worth $355,000 after acquiring an additional 200 shares during the period. Legacy Financial Group Inc. bought a new stake in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter valued at $1,210,000. Root Financial Partners LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter valued at $197,000. JSF Financial LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 0.6% in the 3rd quarter. JSF Financial LLC now owns 271,288 shares of the company’s stock worth $25,507,000 after purchasing an additional 1,722 shares in the last quarter. Finally, Aire Advisors LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 2.1% in the 3rd quarter. Aire Advisors LLC now owns 190,363 shares of the company’s stock worth $17,898,000 after purchasing an additional 3,951 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA:AVEM opened at $87.50 on Friday. The stock has a 50-day simple moving average of $93.71 and a two-hundred day simple moving average of $92.83. The firm has a market capitalization of $26.84 billion, a PE ratio of 12.66 and a beta of 0.75. Avantis Emerging Markets Equity ETF has a 52-week low of $73.79 and a 52-week high of $100.83.

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.