Avantis Emerging Markets Equity ETF $AVEM Shares Bought by MAI Capital Management

MAI Capital Management lifted its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 765.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,344 shares of the company’s stock after acquiring an additional 3,842 shares during the period. MAI Capital Management’s holdings in Avantis Emerging Markets Equity ETF were worth $298,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of AVEM. Hantz Financial Services Inc. increased its stake in shares of Avantis Emerging Markets Equity ETF by 2,366.7% in the second quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock valued at $25,000 after purchasing an additional 355 shares during the period. AdvisorNet Financial Inc increased its position in Avantis Emerging Markets Equity ETF by 213.4% in the 2nd quarter. AdvisorNet Financial Inc now owns 492 shares of the company’s stock valued at $34,000 after acquiring an additional 335 shares during the period. South Plains Financial Inc. acquired a new stake in Avantis Emerging Markets Equity ETF in the 1st quarter valued at approximately $41,000. Clarity Asset Management Inc. raised its stake in Avantis Emerging Markets Equity ETF by 31.5% during the 1st quarter. Clarity Asset Management Inc. now owns 752 shares of the company’s stock valued at $45,000 after acquiring an additional 180 shares in the last quarter. Finally, McElhenny Sheffield Capital Management LLC acquired a new position in Avantis Emerging Markets Equity ETF during the 2nd quarter worth $69,000.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM opened at $76.53 on Thursday. Avantis Emerging Markets Equity ETF has a one year low of $52.52 and a one year high of $78.76. The stock’s fifty day moving average is $76.23 and its 200-day moving average is $71.53. The firm has a market capitalization of $14.20 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68.

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.