Avantis Emerging Markets Equity ETF $AVEM Shares Bought by Morton Brown Family Wealth LLC

Morton Brown Family Wealth LLC grew its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 2.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 465,309 shares of the company’s stock after acquiring an additional 10,704 shares during the period. Avantis Emerging Markets Equity ETF comprises approximately 9.9% of Morton Brown Family Wealth LLC’s holdings, making the stock its 2nd biggest holding. Morton Brown Family Wealth LLC owned about 0.18% of Avantis Emerging Markets Equity ETF worth $37,495,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AVEM. AQR Capital Management LLC boosted its position in Avantis Emerging Markets Equity ETF by 13.2% during the 1st quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock worth $1,336,000 after purchasing an additional 2,596 shares during the period. M&T Bank Corp purchased a new position in Avantis Emerging Markets Equity ETF in the second quarter valued at about $287,000. Diversify Advisory Services LLC purchased a new position in Avantis Emerging Markets Equity ETF in the second quarter valued at about $478,000. Diversify Wealth Management LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF by 20.3% during the second quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock worth $946,000 after purchasing an additional 2,244 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in shares of Avantis Emerging Markets Equity ETF by 74.1% during the second quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock worth $1,010,000 after purchasing an additional 6,271 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA AVEM opened at $95.62 on Friday. Avantis Emerging Markets Equity ETF has a 1-year low of $68.00 and a 1-year high of $100.83. The company has a market capitalization of $24.94 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. The business has a 50-day moving average of $93.73 and a 200-day moving average of $86.00.

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.