LPL Financial LLC Boosts Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

LPL Financial LLC raised its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 39.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,740,586 shares of the company’s stock after purchasing an additional 1,061,034 shares during the period. LPL Financial LLC owned 1.69% of Avantis Emerging Markets Equity ETF worth $288,100,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Asempa Wealth Advisors bought a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at approximately $939,000. Breakwater Capital Group boosted its position in shares of Avantis Emerging Markets Equity ETF by 14.8% in the fourth quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock valued at $4,045,000 after acquiring an additional 6,774 shares during the period. ACT Advisors LLC. boosted its position in shares of Avantis Emerging Markets Equity ETF by 3.4% in the fourth quarter. ACT Advisors LLC. now owns 307,508 shares of the company’s stock valued at $23,684,000 after acquiring an additional 10,245 shares during the period. Assetmark Inc. boosted its position in shares of Avantis Emerging Markets Equity ETF by 28,061.5% in the third quarter. Assetmark Inc. now owns 105,324 shares of the company’s stock valued at $7,911,000 after acquiring an additional 104,950 shares during the period. Finally, Clear Creek Financial Management LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 105.5% in the third quarter. Clear Creek Financial Management LLC now owns 17,265 shares of the company’s stock valued at $1,297,000 after acquiring an additional 8,863 shares during the period.

Avantis Emerging Markets Equity ETF Trading Up 2.2%

AVEM stock opened at $93.23 on Tuesday. The firm has a 50 day moving average of $90.19 and a 200-day moving average of $84.16. Avantis Emerging Markets Equity ETF has a 12 month low of $66.19 and a 12 month high of $99.67. The firm has a market capitalization of $24.31 billion, a P/E ratio of 12.66 and a beta of 0.73.

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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.