Harbour Investments Inc. Acquires 162,493 Shares of Avantis Emerging Markets Equity ETF $AVEM

Harbour Investments Inc. lifted its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 26.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 773,518 shares of the company’s stock after purchasing an additional 162,493 shares during the quarter. Avantis Emerging Markets Equity ETF makes up about 1.2% of Harbour Investments Inc.’s holdings, making the stock its 9th biggest position. Harbour Investments Inc. owned approximately 0.35% of Avantis Emerging Markets Equity ETF worth $59,576,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AVEM. AQR Capital Management LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 13.2% during the 1st quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock worth $1,336,000 after purchasing an additional 2,596 shares during the last quarter. M&T Bank Corp acquired a new position in shares of Avantis Emerging Markets Equity ETF during the 2nd quarter worth $287,000. Diversify Advisory Services LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF during the 2nd quarter worth $478,000. Diversify Wealth Management LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 20.3% during the 2nd quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock worth $946,000 after purchasing an additional 2,244 shares during the last quarter. Finally, Quantinno Capital Management LP increased its stake in shares of Avantis Emerging Markets Equity ETF by 74.1% during the 2nd quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock worth $1,010,000 after purchasing an additional 6,271 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM opened at $93.05 on Tuesday. The company’s fifty day moving average is $87.08 and its 200-day moving average is $82.80. Avantis Emerging Markets Equity ETF has a 12 month low of $63.91 and a 12 month high of $96.07. The firm has a market cap of $24.27 billion, a price-to-earnings ratio of 12.66 and a beta of 0.72.

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.