Wedmont Private Capital lifted its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 40.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,313 shares of the company’s stock after purchasing an additional 20,083 shares during the quarter. Wedmont Private Capital’s holdings in Avantis Emerging Markets Equity ETF were worth $6,525,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in AVEM. Kintra Wealth LLC purchased a new position in Avantis Emerging Markets Equity ETF during the second quarter valued at $6,842,000. PCG Wealth Advisors LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 32.0% in the second quarter. PCG Wealth Advisors LLC now owns 14,656 shares of the company’s stock worth $1,414,000 after acquiring an additional 3,551 shares during the last quarter. Endeavor Private Wealth Inc. grew its stake in shares of Avantis Emerging Markets Equity ETF by 9.6% in the second quarter. Endeavor Private Wealth Inc. now owns 23,762 shares of the company’s stock worth $2,293,000 after acquiring an additional 2,082 shares during the last quarter. POM Investment Strategies LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 39.4% during the second quarter. POM Investment Strategies LLC now owns 3,489 shares of the company’s stock valued at $337,000 after acquiring an additional 986 shares in the last quarter. Finally, HB Wealth Management LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 4.5% in the 2nd quarter. HB Wealth Management LLC now owns 1,108,268 shares of the company’s stock worth $106,937,000 after purchasing an additional 47,729 shares during the last quarter.
Avantis Emerging Markets Equity ETF Price Performance
AVEM opened at $96.81 on Monday. The firm has a market cap of $27.55 billion, a PE ratio of 12.66 and a beta of 0.75. The stock has a 50-day moving average price of $92.57 and a 200-day moving average price of $90.37. Avantis Emerging Markets Equity ETF has a 1 year low of $71.68 and a 1 year high of $100.83.
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.
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