Tortoise Investment Management LLC Boosts Stock Position in Avantis Emerging Markets Equity ETF $AVEM

Tortoise Investment Management LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 16.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,625 shares of the company’s stock after buying an additional 17,608 shares during the quarter. Tortoise Investment Management LLC owned approximately 0.07% of Avantis Emerging Markets Equity ETF worth $8,336,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. raised its position in Avantis Emerging Markets Equity ETF by 2,366.7% during the second quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock worth $25,000 after acquiring an additional 355 shares during the period. AdvisorNet Financial Inc lifted its stake in Avantis Emerging Markets Equity ETF by 213.4% in the 2nd quarter. AdvisorNet Financial Inc now owns 492 shares of the company’s stock valued at $34,000 after buying an additional 335 shares in the last quarter. South Plains Financial Inc. purchased a new stake in Avantis Emerging Markets Equity ETF during the 1st quarter worth approximately $41,000. Clarity Asset Management Inc. raised its holdings in shares of Avantis Emerging Markets Equity ETF by 31.5% during the first quarter. Clarity Asset Management Inc. now owns 752 shares of the company’s stock valued at $45,000 after acquiring an additional 180 shares during the last quarter. Finally, Hollencrest Capital Management purchased a new position in shares of Avantis Emerging Markets Equity ETF in the first quarter valued at approximately $59,000.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM opened at $77.58 on Friday. The stock has a 50 day moving average price of $75.98 and a 200 day moving average price of $70.74. Avantis Emerging Markets Equity ETF has a one year low of $52.52 and a one year high of $78.76. The stock has a market capitalization of $14.39 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68.

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.