Redwood Investment Management LLC Acquires 13,796 Shares of Avantis Emerging Markets Equity ETF $AVEM

Redwood Investment Management LLC lifted its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 120.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,280 shares of the company’s stock after acquiring an additional 13,796 shares during the period. Redwood Investment Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $2,037,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Greenwood Capital Associates LLC grew its position in Avantis Emerging Markets Equity ETF by 24.5% during 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 in the last quarter. Financial Plan Inc. bought a new position in Avantis Emerging Markets Equity ETF during the 4th quarter worth $36,439,000. Echo Wealth Management LLC raised its holdings in Avantis Emerging Markets Equity ETF by 31.1% in the 4th quarter. Echo Wealth Management LLC now owns 102,188 shares of the company’s stock valued at $7,871,000 after acquiring an additional 24,256 shares in the last quarter. Grand Wealth Management LLC raised its holdings in Avantis Emerging Markets Equity ETF by 5.1% in the 4th quarter. Grand Wealth Management LLC now owns 162,479 shares of the company’s stock valued at $12,514,000 after acquiring an additional 7,850 shares in the last quarter. Finally, Telos Capital Management Inc. lifted its position in shares of Avantis Emerging Markets Equity ETF by 8.9% during the 1st quarter. Telos Capital Management Inc. now owns 80,940 shares of the company’s stock valued at $6,522,000 after acquiring an additional 6,605 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA:AVEM opened at $89.51 on Monday. The company has a market cap of $25.47 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a fifty-two week low of $68.27 and a fifty-two week high of $100.83. The stock has a fifty day moving average price of $93.89 and a 200-day moving average price of $88.61.

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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.