Tyche Wealth Partners LLC Increases Holdings in Avantis Emerging Markets Equity ETF $AVEM

Tyche Wealth Partners LLC lifted its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 81.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 16,025 shares of the company’s stock after purchasing an additional 7,181 shares during the period. Tyche Wealth Partners LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $1,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. American Capital Advisory LLC bought a new position in Avantis Emerging Markets Equity ETF in the third quarter valued at about $30,000. Team Financial Group LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 184.2% during the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after purchasing an additional 361 shares during the period. Tripletail Wealth Management LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter valued at about $49,000. Spire Wealth Management lifted its stake in shares of Avantis Emerging Markets Equity ETF by 324.9% in the 3rd quarter. Spire Wealth Management now owns 752 shares of the company’s stock worth $56,000 after purchasing an additional 575 shares during the period. Finally, Mather Group LLC. bought a new position in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter worth approximately $57,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM traded up $0.85 on Tuesday, reaching $87.58. The company’s stock had a trading volume of 190,243 shares, compared to its average volume of 2,117,726. The stock’s 50 day simple moving average is $83.72 and its two-hundred day simple moving average is $79.83. The stock has a market capitalization of $22.30 billion, a P/E ratio of 12.66 and a beta of 0.67. Avantis Emerging Markets Equity ETF has a 12-month low of $57.29 and a 12-month high of $89.75.

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.