Ferguson Johnson Wealth Management Inc Invests $4.17 Million in Avantis Emerging Markets Equity ETF $AVEM

Ferguson Johnson Wealth Management Inc purchased a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 54,200 shares of the company’s stock, valued at approximately $4,174,000. Avantis Emerging Markets Equity ETF makes up about 3.5% of Ferguson Johnson Wealth Management Inc’s holdings, making the stock its 10th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Team Financial Group LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 184.2% in the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock worth $43,000 after buying an additional 361 shares in the last quarter. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the fourth quarter worth about $65,000. LGT Financial Advisors LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter worth about $78,000. Spire Wealth Management lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 43.4% in the fourth quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock worth $83,000 after buying an additional 326 shares in the last quarter. Finally, TD Waterhouse Canada Inc. purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter worth about $91,000.

Avantis Emerging Markets Equity ETF Trading Down 0.1%

Shares of Avantis Emerging Markets Equity ETF stock opened at $93.05 on Friday. Avantis Emerging Markets Equity ETF has a 12-month low of $63.91 and a 12-month high of $96.07. The company has a market cap of $24.27 billion, a price-to-earnings ratio of 12.66 and a beta of 0.72. The company’s 50-day moving average price is $86.83 and its 200-day moving average price is $82.66.

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.