Midwest Trust Co Boosts Stake in Avantis Emerging Markets Equity ETF $AVEM

Midwest Trust Co grew its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 773,460 shares of the company’s stock after buying an additional 24,007 shares during the period. Midwest Trust Co owned 0.35% of Avantis Emerging Markets Equity ETF worth $59,572,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. American Capital Advisory LLC purchased a new stake in Avantis Emerging Markets Equity ETF during the 3rd quarter worth about $30,000. Team Financial Group LLC lifted its holdings in Avantis Emerging Markets Equity ETF by 184.2% in the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after purchasing an additional 361 shares in the last quarter. Spire Wealth Management lifted its holdings in Avantis Emerging Markets Equity ETF by 324.9% in the 3rd quarter. Spire Wealth Management now owns 752 shares of the company’s stock valued at $56,000 after purchasing an additional 575 shares in the last quarter. CX Institutional acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth about $61,000. Finally, MeadowBrook Investment Advisors LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 4th quarter worth about $65,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA AVEM opened at $95.66 on Friday. The company has a 50-day simple moving average of $84.97 and a 200-day simple moving average of $81.45. The company has a market cap of $24.95 billion, a PE ratio of 12.66 and a beta of 0.72. Avantis Emerging Markets Equity ETF has a 12 month low of $62.12 and a 12 month high of $95.67.

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.