Avantis Emerging Markets Equity ETF $AVEM Stock: Riverpoint Wealth Management Holdings LLC Increases Stake

Riverpoint Wealth Management Holdings LLC lifted its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 10.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 169,255 shares of the company’s stock after buying an additional 15,481 shares during the quarter. Avantis Emerging Markets Equity ETF makes up 2.9% of Riverpoint Wealth Management Holdings LLC’s holdings, making the stock its 12th largest holding. Riverpoint Wealth Management Holdings LLC owned 0.05% of Avantis Emerging Markets Equity ETF worth $15,913,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AVEM. Vista Capital Partners Inc. bought a new position in Avantis Emerging Markets Equity ETF in the 3rd quarter worth $299,000. Financial Freedom LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the 3rd quarter worth $62,000. Valmark Advisers Inc. bought a new stake in Avantis Emerging Markets Equity ETF during the third quarter valued at about $1,240,000. Jordan Park Group LLC bought a new stake in Avantis Emerging Markets Equity ETF during the third quarter valued at about $1,010,000. Finally, Allworth Financial LP raised its holdings in Avantis Emerging Markets Equity ETF by 1.2% during the third quarter. Allworth Financial LP now owns 218,405 shares of the company’s stock valued at $21,074,000 after acquiring an additional 2,597 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of Avantis Emerging Markets Equity ETF stock traded down $0.38 during trading hours on Friday, hitting $85.51. The company’s stock had a trading volume of 2,581,347 shares, compared to its average volume of 1,960,264. The business has a 50 day moving average price of $91.24 and a two-hundred day moving average price of $90.17. 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 cap of $26.86 billion, a PE ratio of 10.99 and a beta of 0.79.

About Avantis Emerging Markets Equity ETF

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.