Magnolia Private Wealth LLC Purchases 26,560 Shares of Avantis Emerging Markets Equity ETF $AVEM

Magnolia Private Wealth LLC raised its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 94.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 54,740 shares of the company’s stock after acquiring an additional 26,560 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for about 2.9% of Magnolia Private Wealth LLC’s investment portfolio, making the stock its 8th biggest position. Magnolia Private Wealth LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $3,752,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Truist Financial Corp increased its stake in shares of Avantis Emerging Markets Equity ETF by 44.8% in the second quarter. Truist Financial Corp now owns 7,845 shares of the company’s stock valued at $538,000 after purchasing an additional 2,428 shares during the period. Broadway Wealth Solutions Inc. increased its stake in shares of Avantis Emerging Markets Equity ETF by 5.9% in the second quarter. Broadway Wealth Solutions Inc. now owns 79,869 shares of the company’s stock valued at $5,474,000 after purchasing an additional 4,474 shares during the period. FMB Wealth Management increased its stake in shares of Avantis Emerging Markets Equity ETF by 58.9% in the second quarter. FMB Wealth Management now owns 21,949 shares of the company’s stock valued at $1,504,000 after purchasing an additional 8,133 shares during the period. Poinciana Advisors Group LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 5.0% in the second quarter. Poinciana Advisors Group LLC now owns 52,502 shares of the company’s stock valued at $3,599,000 after purchasing an additional 2,491 shares during the period. Finally, Centennial Wealth Advisory LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 321.6% in the second quarter. Centennial Wealth Advisory LLC now owns 17,998 shares of the company’s stock valued at $1,234,000 after purchasing an additional 13,729 shares during the period.

Avantis Emerging Markets Equity ETF Trading Up 0.5%

Shares of NYSEARCA:AVEM opened at $75.11 on Wednesday. The firm’s 50 day moving average is $72.06 and its two-hundred day moving average is $66.63. Avantis Emerging Markets Equity ETF has a 52 week low of $52.52 and a 52 week high of $75.91. The firm has a market capitalization of $12.30 billion, a P/E ratio of 12.66 and a beta of 0.80.

Avantis Emerging Markets Equity ETF Company 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.