Modera Wealth Management LLC Buys 172,545 Shares of Avantis Emerging Markets Equity ETF $AVEM

Modera Wealth Management LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 172,545 shares of the company’s stock, valued at approximately $16,223,000. Modera Wealth Management LLC owned about 0.06% of Avantis Emerging Markets Equity ETF at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC lifted its stake in Avantis Emerging Markets Equity ETF by 67.3% in the second quarter. JFS Wealth Advisors LLC now owns 276 shares of the company’s stock worth $27,000 after purchasing an additional 111 shares during the last quarter. Hardin Capital Partners LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 0.8% during the third quarter. Hardin Capital Partners LLC now owns 15,062 shares of the company’s stock valued at $1,416,000 after buying an additional 123 shares during the last quarter. Mainsail Asset Management LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 6.1% during the third quarter. Mainsail Asset Management LLC now owns 3,210 shares of the company’s stock valued at $309,000 after buying an additional 184 shares during the last quarter. Columbia Advisory Partners LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 0.7% during the third quarter. Columbia Advisory Partners LLC now owns 28,120 shares of the company’s stock valued at $2,644,000 after buying an additional 184 shares during the last quarter. Finally, Busey Bank grew its stake in shares of Avantis Emerging Markets Equity ETF by 5.6% during the third quarter. Busey Bank now owns 3,677 shares of the company’s stock valued at $346,000 after buying an additional 195 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA AVEM opened at $86.02 on Friday. The business’s 50 day moving average price is $93.09 and its 200-day moving average price is $90.00. Avantis Emerging Markets Equity ETF has a fifty-two week low of $73.79 and a fifty-two week high of $100.83. The company has a market cap of $26.49 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75.

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.