Hicks Capital Management LLC Purchases New Stake in Avantis Emerging Markets Equity ETF $AVEM

Hicks Capital Management LLC purchased a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,730 shares of the company’s stock, valued at approximately $1,674,000. Avantis Emerging Markets Equity ETF makes up 1.7% of Hicks Capital Management LLC’s holdings, making the stock its 14th biggest holding.

A number of other institutional investors have also recently modified their holdings of AVEM. Team Financial Group LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF by 184.2% in the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after buying an additional 361 shares in the last quarter. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at approximately $65,000. LGT Financial Advisors LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter valued at approximately $78,000. Spire Wealth Management boosted its stake in shares of Avantis Emerging Markets Equity ETF by 43.4% in the fourth quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock valued at $83,000 after buying an additional 326 shares in the last quarter. Finally, TD Waterhouse Canada Inc. purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter valued at approximately $91,000.

Avantis Emerging Markets Equity ETF Price Performance

Avantis Emerging Markets Equity ETF stock opened at $91.88 on Monday. Avantis Emerging Markets Equity ETF has a 1-year low of $63.91 and a 1-year high of $96.07. The company has a market cap of $23.96 billion, a PE ratio of 12.66 and a beta of 0.72. The stock’s 50 day moving average price is $85.87 and its 200 day moving average price is $82.19.

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.