Asset Dedication LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 22,670 shares of the company’s stock, valued at approximately $2,131,000.
Several other institutional investors and hedge funds also recently modified their holdings of AVEM. JFS Wealth Advisors LLC grew its holdings in Avantis Emerging Markets Equity ETF by 67.3% during the second quarter. JFS Wealth Advisors LLC now owns 276 shares of the company’s stock valued at $27,000 after purchasing an additional 111 shares during the last quarter. Winch Advisory Services LLC purchased a new position in Avantis Emerging Markets Equity ETF in the 1st quarter worth approximately $26,000. Glenmede Trust Co. NA bought a new stake in Avantis Emerging Markets Equity ETF during the 1st quarter valued at about $31,000. Investors Research Corp purchased a new stake in Avantis Emerging Markets Equity ETF during the 3rd quarter valued at approximately $39,000. Finally, First Community Trust NA increased its stake in Avantis Emerging Markets Equity ETF by 136.9% in the second quarter. First Community Trust NA now owns 443 shares of the company’s stock worth $43,000 after purchasing an additional 256 shares during the period.
Avantis Emerging Markets Equity ETF Trading Up 1.7%
Shares of AVEM stock opened at $83.28 on Friday. Avantis Emerging Markets Equity ETF has a 12-month low of $73.79 and a 12-month high of $100.83. The company has a market capitalization of $26.00 billion, a P/E ratio of 12.66 and a beta of 0.79. The business’s 50 day moving average is $92.13 and its two-hundred day moving average is $90.09.
Avantis Emerging Markets Equity ETF Company 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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