ABLE Financial Group LLC grew its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 49.8% in the third quarter, Holdings Channel reports. The institutional investor owned 238,246 shares of the company’s stock after acquiring an additional 79,194 shares during the period. Avantis Emerging Markets Equity ETF makes up 3.5% of ABLE Financial Group LLC’s investment portfolio, making the stock its 5th largest holding. ABLE Financial Group LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $22,400,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Citizens Bank & Trust Co. bought a new position in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at about $224,000. JM2 Capital Inc. boosted its stake in Avantis Emerging Markets Equity ETF by 7.7% during the 3rd quarter. JM2 Capital Inc. now owns 2,859 shares of the company’s stock valued at $269,000 after purchasing an additional 204 shares during the last quarter. WJ Interests LLC increased its holdings in Avantis Emerging Markets Equity ETF by 3.4% during the 3rd quarter. WJ Interests LLC now owns 217,405 shares of the company’s stock worth $20,440,000 after purchasing an additional 7,168 shares in the last quarter. XY Planning Network Inc. increased its holdings in Avantis Emerging Markets Equity ETF by 88.4% during the 3rd quarter. XY Planning Network Inc. now owns 106,861 shares of the company’s stock worth $10,047,000 after purchasing an additional 50,128 shares in the last quarter. Finally, Define Financial LLC increased its holdings in Avantis Emerging Markets Equity ETF by 5.5% during the 3rd quarter. Define Financial LLC now owns 162,484 shares of the company’s stock worth $15,277,000 after purchasing an additional 8,421 shares in the last quarter.
Avantis Emerging Markets Equity ETF Stock Performance
Shares of Avantis Emerging Markets Equity ETF stock traded down $1.68 on Wednesday, hitting $91.14. The company had a trading volume of 693,801 shares, compared to its average volume of 1,906,705. The stock has a market capitalization of $27.55 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75. Avantis Emerging Markets Equity ETF has a 1 year low of $73.79 and a 1 year high of $100.83. The stock has a 50 day moving average of $94.26 and a 200-day moving average of $92.39.
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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