Apella Capital LLC increased its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 15.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,149,116 shares of the company’s stock after purchasing an additional 151,968 shares during the quarter. Avantis Emerging Markets Equity ETF makes up about 1.4% of Apella Capital LLC’s portfolio, making the stock its 18th largest holding. Apella Capital LLC owned about 0.38% of Avantis Emerging Markets Equity ETF worth $109,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in AVEM. Everhart Financial Group Inc. boosted its stake in shares of Avantis Emerging Markets Equity ETF by 13.7% during the third quarter. Everhart Financial Group Inc. now owns 2,371 shares of the company’s stock valued at $223,000 after purchasing an additional 286 shares in the last quarter. Avidian Wealth Enterprises LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter valued at $428,000. Toth Financial Advisory Corp grew its holdings in Avantis Emerging Markets Equity ETF by 19.5% during the 3rd quarter. Toth Financial Advisory Corp now owns 30,631 shares of the company’s stock worth $2,880,000 after acquiring an additional 5,005 shares during the period. Cooper Financial Group grew its stake in Avantis Emerging Markets Equity ETF by 5.6% during the third quarter. Cooper Financial Group now owns 240,721 shares of the company’s stock worth $22,633,000 after purchasing an additional 12,750 shares during the period. Finally, Investors Research Corp acquired a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter valued at $39,000.
Avantis Emerging Markets Equity ETF Stock Down 2.1%
AVEM traded down $1.95 during midday trading on Thursday, hitting $93.00. The company had a trading volume of 696,819 shares, compared to its average volume of 1,908,165. The stock’s 50 day moving average price is $94.02 and its 200 day moving average price is $92.03. The company has a market capitalization of $28.09 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75. Avantis Emerging Markets Equity ETF has a 52 week low of $72.94 and a 52 week high of $100.83.
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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