Canvas Wealth Advisors LLC Boosts Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

Canvas Wealth Advisors LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 20.5% during the second quarter, HoldingsChannel reports. The firm owned 45,389 shares of the company’s stock after purchasing an additional 7,735 shares during the period. Canvas Wealth Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $3,173,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Janney Montgomery Scott LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF in the 1st quarter worth approximately $1,410,000. Royal Bank of Canada grew its position in shares of Avantis Emerging Markets Equity ETF by 7.8% in the 1st quarter. Royal Bank of Canada now owns 290,593 shares of the company’s stock worth $17,485,000 after buying an additional 20,996 shares during the last quarter. Stone Summit Wealth LLC boosted its stake in Avantis Emerging Markets Equity ETF by 2.8% in the 2nd quarter. Stone Summit Wealth LLC now owns 34,371 shares of the company’s stock worth $2,356,000 after purchasing an additional 935 shares in the last quarter. Brown Advisory Inc. acquired a new stake in Avantis Emerging Markets Equity ETF in the 1st quarter worth approximately $426,000. Finally, XY Planning Network Inc. boosted its stake in Avantis Emerging Markets Equity ETF by 89.7% in the 2nd quarter. XY Planning Network Inc. now owns 7,745 shares of the company’s stock worth $531,000 after purchasing an additional 3,663 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Down 0.3%

AVEM stock opened at $76.10 on Monday. The firm has a 50 day moving average of $73.54 and a 200 day moving average of $67.97. The stock has a market capitalization of $13.83 billion, a PE ratio of 12.66 and a beta of 0.80. Avantis Emerging Markets Equity ETF has a 52 week low of $52.52 and a 52 week high of $76.80.

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.