Avantis Emerging Markets Equity ETF $AVEM Shares Bought by MAI Capital Management

MAI Capital Management grew its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 606.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 30,706 shares of the company’s stock after acquiring an additional 26,362 shares during the period. MAI Capital Management’s holdings in Avantis Emerging Markets Equity ETF were worth $2,306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fortress Financial Solutions LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF by 2.6% in the third quarter. Fortress Financial Solutions LLC now owns 5,145 shares of the company’s stock valued at $386,000 after purchasing an additional 131 shares during the period. J.W. Cole Advisors Inc. increased its holdings in Avantis Emerging Markets Equity ETF by 2.2% in the third quarter. J.W. Cole Advisors Inc. now owns 6,516 shares of the company’s stock valued at $489,000 after buying an additional 139 shares in the last quarter. Telos Capital Management Inc. lifted its position in shares of Avantis Emerging Markets Equity ETF by 1.7% during the 3rd quarter. Telos Capital Management Inc. now owns 12,815 shares of the company’s stock valued at $963,000 after acquiring an additional 210 shares during the period. Hardin Capital Partners LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 2.1% during the 3rd quarter. Hardin Capital Partners LLC now owns 13,578 shares of the company’s stock valued at $1,020,000 after acquiring an additional 275 shares during the period. Finally, Hantz Financial Services Inc. boosted its stake in shares of Avantis Emerging Markets Equity ETF by 2,366.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock worth $25,000 after acquiring an additional 355 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

AVEM opened at $88.70 on Friday. Avantis Emerging Markets Equity ETF has a 1-year low of $52.52 and a 1-year high of $89.75. The stock has a market cap of $19.60 billion, a P/E ratio of 12.66 and a beta of 0.68. The stock’s 50 day simple moving average is $82.61 and its 200 day simple moving average is $77.72.

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.