Interchange Capital Partners LLC lifted its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 181.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 54,259 shares of the company’s stock after acquiring an additional 34,961 shares during the period. Avantis Emerging Markets Equity ETF makes up about 0.9% of Interchange Capital Partners LLC’s investment portfolio, making the stock its 26th largest position. Interchange Capital Partners LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $5,107,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in AVEM. Fonville Wealth Management LLC lifted its stake in Avantis Emerging Markets Equity ETF by 3.9% in the 3rd quarter. Fonville Wealth Management LLC now owns 263,145 shares of the company’s stock valued at $24,741,000 after purchasing an additional 9,865 shares during the last quarter. Sage Rhino Capital LLC grew its stake in Avantis Emerging Markets Equity ETF by 1.6% in the 3rd quarter. Sage Rhino Capital LLC now owns 19,481 shares of the company’s stock valued at $1,832,000 after buying an additional 303 shares during the last quarter. D.A. Davidson & CO. bought a new position in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at about $2,522,000. BOKF NA bought a new position in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at about $152,097,000. Finally, Vaquero Private Wealth Ltd. raised its holdings in Avantis Emerging Markets Equity ETF by 434.0% in the 3rd quarter. Vaquero Private Wealth Ltd. now owns 43,853 shares of the company’s stock valued at $4,123,000 after acquiring an additional 35,641 shares during the period.
Avantis Emerging Markets Equity ETF Trading Down 1.1%
NYSEARCA:AVEM opened at $88.41 on Friday. The stock has a market cap of $27.22 billion, a P/E ratio of 12.66 and a beta of 0.75. The stock has a 50 day simple moving average of $93.24 and a 200 day simple moving average of $89.98. Avantis Emerging Markets Equity ETF has a 1-year low of $73.79 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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