Morton Brown Family Wealth LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 1.9% in the 3rd quarter, Holdings Channel reports. The firm owned 489,916 shares of the company’s stock after purchasing an additional 9,367 shares during the quarter. Avantis Emerging Markets Equity ETF comprises about 10.2% of Morton Brown Family Wealth LLC’s investment portfolio, making the stock its 2nd biggest holding. Morton Brown Family Wealth LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $46,062,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Winch Advisory Services LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the 1st quarter worth about $26,000. JFS Wealth Advisors LLC boosted its holdings 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 buying an additional 111 shares during the period. Glenmede Trust Co. NA acquired a new position in shares of Avantis Emerging Markets Equity ETF in the 1st quarter valued at about $31,000. Investors Research Corp acquired a new position in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter valued at about $39,000. Finally, Barrett & Company Inc. bought a new stake in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter valued at about $42,000.
Avantis Emerging Markets Equity ETF Price Performance
Shares of NYSEARCA:AVEM opened at $87.50 on Monday. The company has a market cap of $26.88 billion, a PE ratio of 12.66 and a beta of 0.75. Avantis Emerging Markets Equity ETF has a fifty-two week low of $73.79 and a fifty-two week high of $100.83. The firm has a 50-day simple moving average of $93.71 and a 200 day simple moving average of $92.91.
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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