Modern Wealth Management LLC Buys 227,657 Shares of Avantis Emerging Markets Equity ETF $AVEM

Modern Wealth Management LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 25.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,111,049 shares of the company’s stock after buying an additional 227,657 shares during the quarter. Avantis Emerging Markets Equity ETF comprises about 1.5% of Modern Wealth Management LLC’s investment portfolio, making the stock its 11th biggest position. Modern Wealth Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $90,306,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Greenwood Capital Associates LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 24.5% in the fourth quarter. Greenwood Capital Associates LLC now owns 50,241 shares of the company’s stock valued at $3,870,000 after purchasing an additional 9,895 shares in the last quarter. ACT Advisors LLC. grew its holdings in shares of Avantis Emerging Markets Equity ETF by 3.4% during the fourth quarter. ACT Advisors LLC. now owns 307,508 shares of the company’s stock valued at $23,684,000 after buying an additional 10,245 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of Avantis Emerging Markets Equity ETF by 38.8% during the fourth quarter. CoreCap Advisors LLC now owns 50,065 shares of the company’s stock valued at $3,856,000 after buying an additional 13,998 shares in the last quarter. Armstrong Fleming & Moore Inc grew its holdings in shares of Avantis Emerging Markets Equity ETF by 16.0% during the fourth quarter. Armstrong Fleming & Moore Inc now owns 233,841 shares of the company’s stock valued at $18,010,000 after buying an additional 32,228 shares in the last quarter. Finally, Echo Wealth Management LLC raised its position in Avantis Emerging Markets Equity ETF by 31.1% during the fourth quarter. Echo Wealth Management LLC now owns 102,188 shares of the company’s stock valued at $7,871,000 after buying an additional 24,256 shares during the period.

Avantis Emerging Markets Equity ETF Trading Down 0.7%

Shares of Avantis Emerging Markets Equity ETF stock opened at $90.96 on Friday. The stock has a 50-day moving average price of $94.31 and a 200 day moving average price of $88.24. The company has a market cap of $25.55 billion, a P/E ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 1 year low of $68.27 and a 1 year high of $100.83.

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.