Poinciana Advisors Group LLC Acquires Shares of 49,478 Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Poinciana Advisors Group LLC acquired a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 49,478 shares of the company’s stock, valued at approximately $2,909,000. Avantis Emerging Markets Equity ETF comprises about 2.9% of Poinciana Advisors Group LLC’s portfolio, making the stock its 9th biggest position. Poinciana Advisors Group LLC owned about 0.06% of Avantis Emerging Markets Equity ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Flagstar Advisors Inc. boosted its stake in Avantis Emerging Markets Equity ETF by 2.2% in the fourth quarter. Flagstar Advisors Inc. now owns 8,247 shares of the company’s stock valued at $485,000 after acquiring an additional 175 shares during the last quarter. ORBA Wealth Advisors L.L.C. raised its holdings in Avantis Emerging Markets Equity ETF by 0.3% in the fourth quarter. ORBA Wealth Advisors L.L.C. now owns 65,396 shares of the company’s stock worth $3,845,000 after purchasing an additional 175 shares during the period. Evanson Asset Management LLC raised its holdings in Avantis Emerging Markets Equity ETF by 2.2% in the fourth quarter. Evanson Asset Management LLC now owns 8,774 shares of the company’s stock worth $516,000 after purchasing an additional 187 shares during the period. Orion Capital Management LLC raised its holdings in Avantis Emerging Markets Equity ETF by 2.1% in the third quarter. Orion Capital Management LLC now owns 10,007 shares of the company’s stock worth $646,000 after purchasing an additional 204 shares during the period. Finally, Truist Financial Corp raised its holdings in Avantis Emerging Markets Equity ETF by 4.1% in the fourth quarter. Truist Financial Corp now owns 5,725 shares of the company’s stock worth $337,000 after purchasing an additional 224 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

AVEM opened at $61.48 on Friday. The firm’s fifty day moving average is $59.82 and its two-hundred day moving average is $61.19. The firm has a market cap of $7.70 billion, a PE ratio of 11.90 and a beta of 0.78. Avantis Emerging Markets Equity ETF has a twelve month low of $55.65 and a twelve month high of $66.31.

About Avantis Emerging Markets Equity ETF

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.