Rainier Family Wealth Inc. Invests $2.65 Million in Avantis Emerging Markets Equity ETF $AVEM

Rainier Family Wealth Inc. bought a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 32,903 shares of the company’s stock, valued at approximately $2,651,000. Avantis Emerging Markets Equity ETF comprises about 1.8% of Rainier Family Wealth Inc.’s holdings, making the stock its 17th largest position.

Several other institutional investors have also bought and sold shares of the stock. Rothschild Investment LLC raised its position in Avantis Emerging Markets Equity ETF by 192.7% in the 4th quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock valued at $34,000 after buying an additional 289 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in Avantis Emerging Markets Equity ETF during the 4th quarter valued at $36,000. Hantz Financial Services Inc. boosted its holdings in Avantis Emerging Markets Equity ETF by 49.5% during the 4th quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock worth $43,000 after acquiring an additional 183 shares during the last quarter. Team Financial Group LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 184.2% during the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock worth $43,000 after acquiring an additional 361 shares during the last quarter. Finally, Motiv8 Investments LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF in the 4th quarter worth $47,000.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA AVEM opened at $100.18 on Tuesday. The company has a fifty day moving average price of $93.24 and a 200-day moving average price of $85.62. The firm has a market cap of $26.13 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 1 year low of $66.19 and a 1 year high of $100.83.

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.