Gainline Financial Partners LLC purchased a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 76,374 shares of the company’s stock, valued at approximately $7,369,000. Avantis Emerging Markets Equity ETF makes up approximately 6.9% of Gainline Financial Partners LLC’s portfolio, making the stock its 4th biggest holding.
A number of other hedge funds also recently modified their holdings of AVEM. Winch Advisory Services LLC bought a new position in shares of Avantis Emerging Markets Equity ETF during the 1st quarter valued at about $26,000. JFS Wealth Advisors LLC grew its position in shares of Avantis Emerging Markets Equity ETF by 67.3% in the 2nd quarter. JFS Wealth Advisors LLC now owns 276 shares of the company’s stock valued at $27,000 after purchasing an additional 111 shares during the period. Glenmede Trust Co. NA bought a new stake in Avantis Emerging Markets Equity ETF during the 1st quarter worth approximately $31,000. Rothschild Investment LLC increased its stake in Avantis Emerging Markets Equity ETF by 192.7% during the 4th quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after purchasing an additional 289 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new stake in Avantis Emerging Markets Equity ETF during the 4th quarter worth approximately $36,000.
Avantis Emerging Markets Equity ETF Stock Performance
Shares of AVEM opened at $96.81 on Friday. Avantis Emerging Markets Equity ETF has a twelve month low of $71.68 and a twelve month high of $100.83. The firm’s 50 day moving average price is $92.57 and its two-hundred day moving average price is $90.34. The firm has a market cap of $27.55 billion, a P/E ratio of 12.66 and a beta of 0.75.
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.
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