LPL Financial LLC raised its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 39.6% in the 4th quarter, HoldingsChannel reports. The firm owned 3,740,586 shares of the company’s stock after purchasing an additional 1,061,034 shares during the period. LPL Financial LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $288,100,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of AVEM. Rothschild Investment LLC lifted its position in Avantis Emerging Markets Equity ETF by 192.7% during the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock valued at $34,000 after purchasing an additional 289 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Avantis Emerging Markets Equity ETF during the fourth quarter valued at approximately $36,000. Team Financial Group LLC lifted its position in Avantis Emerging Markets Equity ETF by 184.2% during the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after purchasing an additional 361 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Avantis Emerging Markets Equity ETF by 49.5% during the fourth quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock valued at $43,000 after purchasing an additional 183 shares during the last quarter. Finally, Evolution Wealth Management Inc. lifted its position in Avantis Emerging Markets Equity ETF by 209.7% during the fourth quarter. Evolution Wealth Management Inc. now owns 703 shares of the company’s stock valued at $54,000 after purchasing an additional 476 shares during the last quarter.
Avantis Emerging Markets Equity ETF Price Performance
Shares of Avantis Emerging Markets Equity ETF stock opened at $93.23 on Tuesday. Avantis Emerging Markets Equity ETF has a 1 year low of $66.19 and a 1 year high of $99.67. The firm has a market cap of $24.31 billion, a PE ratio of 12.66 and a beta of 0.73. The company has a 50 day simple moving average of $90.19 and a two-hundred day simple moving average of $84.16.
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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