Simplicity Wealth LLC Boosts Stake in Avantis Emerging Markets Equity ETF $AVEM

Simplicity Wealth LLC grew its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 14.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 284,682 shares of the company’s stock after purchasing an additional 36,007 shares during the period. Avantis Emerging Markets Equity ETF makes up 1.3% of Simplicity Wealth LLC’s investment portfolio, making the stock its 12th largest position. Simplicity Wealth LLC owned 0.11% of Avantis Emerging Markets Equity ETF worth $22,940,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. IFP Advisors Inc raised its position in Avantis Emerging Markets Equity ETF by 0.4% in the fourth quarter. IFP Advisors Inc now owns 28,429 shares of the company’s stock valued at $2,190,000 after purchasing an additional 120 shares during the period. Investmark Advisory Group LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 1.8% in the 4th quarter. Investmark Advisory Group LLC now owns 6,712 shares of the company’s stock valued at $517,000 after buying an additional 121 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in Avantis Emerging Markets Equity ETF by 0.3% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 43,758 shares of the company’s stock worth $3,370,000 after acquiring an additional 130 shares in the last quarter. Hardin Capital Partners LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 1.0% during the 4th quarter. Hardin Capital Partners LLC now owns 13,713 shares of the company’s stock valued at $1,056,000 after acquiring an additional 135 shares during the period. Finally, BLVD Private Wealth LLC grew its position in Avantis Emerging Markets Equity ETF by 0.6% in the 4th quarter. BLVD Private Wealth LLC now owns 22,285 shares of the company’s stock valued at $1,716,000 after acquiring an additional 140 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM stock traded up $0.17 during trading on Friday, reaching $94.14. The company’s stock had a trading volume of 2,671,141 shares, compared to its average volume of 2,012,466. The company has a market capitalization of $25.83 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 1-year low of $68.27 and a 1-year high of $100.83. The stock’s 50-day moving average price is $94.85 and its 200 day moving average price is $87.30.

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.