Avantis Emerging Markets Equity ETF $AVEM Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC boosted its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 21.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 249,118 shares of the company’s stock after purchasing an additional 44,395 shares during the quarter. NewEdge Advisors LLC owned about 0.10% of Avantis Emerging Markets Equity ETF worth $20,074,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 13.2% in the first quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock valued at $1,336,000 after buying an additional 2,596 shares during the last quarter. M&T Bank Corp acquired a new position in Avantis Emerging Markets Equity ETF during the second quarter worth about $287,000. Diversify Advisory Services LLC purchased a new stake in Avantis Emerging Markets Equity ETF during the 2nd quarter valued at about $478,000. Diversify Wealth Management LLC grew its stake in Avantis Emerging Markets Equity ETF by 20.3% during the 2nd quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock valued at $946,000 after acquiring an additional 2,244 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in Avantis Emerging Markets Equity ETF by 74.1% in the 2nd quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock valued at $1,010,000 after acquiring an additional 6,271 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 0.7%

AVEM stock opened at $92.27 on Friday. The firm has a 50-day moving average of $93.46 and a two-hundred day moving average of $88.93. Avantis Emerging Markets Equity ETF has a 12 month low of $70.27 and a 12 month high of $100.83. The company has a market cap of $26.26 billion, a price-to-earnings ratio of 12.66 and a beta of 0.74.

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.