Tortoise Investment Management LLC Has $5.82 Million Stock Holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Tortoise Investment Management LLC increased its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,964 shares of the company’s stock after buying an additional 7,608 shares during the quarter. Tortoise Investment Management LLC owned 0.11% of Avantis Emerging Markets Equity ETF worth $5,818,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 223.6% during the third quarter. FMR LLC now owns 2,016 shares of the company’s stock valued at $130,000 after purchasing an additional 1,393 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Avantis Emerging Markets Equity ETF during the third quarter valued at approximately $144,000. Private Trust Co. NA boosted its holdings in Avantis Emerging Markets Equity ETF by 29.4% during the fourth quarter. Private Trust Co. NA now owns 2,265 shares of the company’s stock valued at $133,000 after purchasing an additional 515 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Avantis Emerging Markets Equity ETF during the fourth quarter valued at approximately $159,000. Finally, MBE Wealth Management LLC acquired a new stake in Avantis Emerging Markets Equity ETF during the fourth quarter valued at approximately $204,000.

Avantis Emerging Markets Equity ETF Trading Up 0.6 %

NYSEARCA AVEM opened at $61.19 on Monday. The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of 11.90 and a beta of 0.78. Avantis Emerging Markets Equity ETF has a 1-year low of $55.65 and a 1-year high of $66.31. The stock’s 50 day moving average is $59.67 and its two-hundred day moving average is $61.23.

Avantis Emerging Markets Equity ETF Company 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.