Wealthgarden F.S. LLC Boosts Stake in Avantis Emerging Markets Equity ETF $AVEM

Wealthgarden F.S. LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 40.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 34,881 shares of the company’s stock after acquiring an additional 10,010 shares during the period. Avantis Emerging Markets Equity ETF accounts for 1.9% of Wealthgarden F.S. LLC’s holdings, making the stock its 12th biggest position. Wealthgarden F.S. LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $2,899,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rothschild Investment LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 192.7% during the 4th quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock valued at $34,000 after purchasing an additional 289 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the 4th quarter valued at $36,000. Team Financial Group LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 184.2% during 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 during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 49.5% during the 4th quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock valued at $43,000 after purchasing an additional 183 shares during the last quarter. Finally, Evolution Wealth Management Inc. lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 209.7% during the 4th quarter. Evolution Wealth Management Inc. now owns 703 shares of the company’s stock valued at $54,000 after purchasing an additional 476 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 6.4%

Shares of AVEM opened at $91.23 on Friday. Avantis Emerging Markets Equity ETF has a 12 month low of $66.19 and a 12 month high of $99.67. The stock has a fifty day moving average price of $89.90 and a 200-day moving average price of $83.99. The firm has a market cap of $23.79 billion, a PE ratio of 12.66 and a beta of 0.73.

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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.