MN Wealth Advisors LLC Makes New Investment in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

MN Wealth Advisors LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 66,331 shares of the company’s stock, valued at approximately $3,991,000. Avantis Emerging Markets Equity ETF makes up about 2.3% of MN Wealth Advisors LLC’s holdings, making the stock its 9th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its holdings in shares of Avantis Emerging Markets Equity ETF by 8.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 14,915,520 shares of the company’s stock worth $876,883,000 after purchasing an additional 1,115,487 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Avantis Emerging Markets Equity ETF in the 4th quarter worth approximately $471,967,000. Cerity Partners LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 2.8% in the 4th quarter. Cerity Partners LLC now owns 2,194,942 shares of the company’s stock worth $129,041,000 after purchasing an additional 60,499 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Avantis Emerging Markets Equity ETF by 40.0% in the 4th quarter. Wells Fargo & Company MN now owns 2,061,263 shares of the company’s stock worth $121,182,000 after purchasing an additional 589,303 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 4.9% in the 4th quarter. HighTower Advisors LLC now owns 1,846,124 shares of the company’s stock worth $108,534,000 after purchasing an additional 86,792 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA AVEM opened at $67.04 on Wednesday. The company’s 50 day simple moving average is $62.85 and its 200 day simple moving average is $60.94. Avantis Emerging Markets Equity ETF has a 12 month low of $52.52 and a 12 month high of $68.38. The company has a market capitalization of $10.22 billion, a P/E ratio of 12.64 and a beta of 0.66.

Avantis Emerging Markets Equity ETF Company 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.