Avantis Emerging Markets Equity ETF $AVEM Stock: Define Financial LLC Boosts Stake

Define Financial LLC lifted its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 5.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 162,484 shares of the company’s stock after purchasing an additional 8,421 shares during the period. Avantis Emerging Markets Equity ETF comprises 6.4% of Define Financial LLC’s investment portfolio, making the stock its 7th largest holding. Define Financial LLC owned approximately 0.05% of Avantis Emerging Markets Equity ETF worth $15,277,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AVEM. JFS Wealth Advisors LLC grew its holdings in Avantis Emerging Markets Equity ETF by 67.3% during the 2nd quarter. JFS Wealth Advisors LLC now owns 276 shares of the company’s stock worth $27,000 after acquiring an additional 111 shares during the last quarter. Hardin Capital Partners LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF by 0.8% in the third quarter. Hardin Capital Partners LLC now owns 15,062 shares of the company’s stock worth $1,416,000 after acquiring an additional 123 shares during the period. Armbruster Capital Management Inc. boosted its holdings in Avantis Emerging Markets Equity ETF by 0.4% in the first quarter. Armbruster Capital Management Inc. now owns 51,015 shares of the company’s stock valued at $4,111,000 after acquiring an additional 195 shares during the last quarter. Keb Asset Management LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 0.7% in the first quarter. Keb Asset Management LLC now owns 26,487 shares of the company’s stock valued at $2,134,000 after acquiring an additional 196 shares during the last quarter. Finally, Altar Rock LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 0.4% in the second quarter. Altar Rock LLC now owns 52,998 shares of the company’s stock valued at $5,114,000 after acquiring an additional 198 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA:AVEM opened at $92.82 on Wednesday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $73.79 and a fifty-two week high of $100.83. The company has a 50 day simple moving average of $94.26 and a two-hundred day simple moving average of $92.39. The company has a market capitalization of $28.06 billion, a PE ratio of 12.66 and a beta of 0.75.

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.