Diversify Wealth Management LLC Boosts Holdings in Avantis Emerging Markets Equity ETF $AVEM

Diversify Wealth Management LLC boosted its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 88.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 48,397 shares of the company’s stock after purchasing an additional 22,706 shares during the period. Diversify Wealth Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $4,287,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVEM. Bank of America Corp DE grew its position in shares of Avantis Emerging Markets Equity ETF by 1,271.2% during the 2nd quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock valued at $1,202,511,000 after acquiring an additional 16,265,184 shares during the period. Align Financial LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the 4th quarter worth approximately $528,227,000. Kestra Investment Management LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 3,618.9% in the 4th quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock worth $113,646,000 after purchasing an additional 1,435,866 shares during the period. Maseco LLP purchased a new position in Avantis Emerging Markets Equity ETF in the first quarter valued at approximately $93,504,000. Finally, LPL Financial LLC lifted its stake in Avantis Emerging Markets Equity ETF by 39.6% in the fourth quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock valued at $288,100,000 after purchasing an additional 1,061,034 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA AVEM opened at $94.14 on Monday. The stock has a fifty day simple moving average of $94.85 and a two-hundred day simple moving average of $87.37. Avantis Emerging Markets Equity ETF has a 1-year low of $68.27 and a 1-year high of $100.83. The firm has a market cap of $25.90 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73.

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.