Cornerstone Wealth Group LLC Purchases Shares of 106,066 Avantis Emerging Markets Equity ETF $AVEM

Cornerstone Wealth Group LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the 1st quarter, HoldingsChannel reports. The fund acquired 106,066 shares of the company’s stock, valued at approximately $9,334,000.

Other large investors also recently made changes to their positions in the company. Asempa Wealth Advisors purchased a new position in Avantis Emerging Markets Equity ETF in the fourth quarter valued at about $939,000. Breakwater Capital Group lifted its stake in shares of Avantis Emerging Markets Equity ETF by 14.8% during the fourth quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock worth $4,045,000 after purchasing an additional 6,774 shares in the last quarter. Greenwood Capital Associates LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 24.5% in the fourth quarter. Greenwood Capital Associates LLC now owns 50,241 shares of the company’s stock worth $3,870,000 after buying an additional 9,895 shares during the period. ACT Advisors LLC. boosted its position in shares of Avantis Emerging Markets Equity ETF by 3.4% in the fourth quarter. ACT Advisors LLC. now owns 307,508 shares of the company’s stock worth $23,684,000 after buying an additional 10,245 shares during the period. Finally, Armstrong Fleming & Moore Inc boosted its position in shares of Avantis Emerging Markets Equity ETF by 16.0% in the fourth quarter. Armstrong Fleming & Moore Inc now owns 233,841 shares of the company’s stock worth $18,010,000 after buying an additional 32,228 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

AVEM stock opened at $94.40 on Friday. The firm has a market cap of $24.62 billion, a P/E ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 1 year low of $68.00 and a 1 year high of $100.83. The stock has a 50-day simple moving average of $93.86 and a 200-day simple moving average of $86.06.

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.