Missouri Trust & Investment Co Makes New $757,000 Investment in Avantis Emerging Markets Equity ETF $AVEM

Missouri Trust & Investment Co acquired a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,030 shares of the company’s stock, valued at approximately $757,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Burton Enright Welch increased its stake in shares of Avantis Emerging Markets Equity ETF by 3.2% during the third quarter. Burton Enright Welch now owns 176,860 shares of the company’s stock worth $16,628,000 after purchasing an additional 5,515 shares in the last quarter. Brickley Wealth Management raised its position in shares of Avantis Emerging Markets Equity ETF by 6.1% during the 3rd quarter. Brickley Wealth Management now owns 130,142 shares of the company’s stock worth $12,236,000 after purchasing an additional 7,524 shares during the last quarter. Avantax Planning Partners Inc. purchased a new position in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at about $99,330,000. J. Derek Lewis & Associates Inc. lifted its stake in Avantis Emerging Markets Equity ETF by 15.2% in the 3rd quarter. J. Derek Lewis & Associates Inc. now owns 12,309 shares of the company’s stock valued at $1,157,000 after buying an additional 1,623 shares in the last quarter. Finally, Henderson Brothers Financial Partners LLC lifted its stake in Avantis Emerging Markets Equity ETF by 5.1% in the 3rd quarter. Henderson Brothers Financial Partners LLC now owns 94,657 shares of the company’s stock valued at $8,900,000 after buying an additional 4,595 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

AVEM stock opened at $83.28 on Monday. Avantis Emerging Markets Equity ETF has a 12-month low of $73.79 and a 12-month high of $100.83. The stock has a market cap of $26.00 billion, a price-to-earnings ratio of 12.66 and a beta of 0.79. The business’s 50-day moving average is $92.13 and its 200 day moving average is $90.09.

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.