Fortress Financial Solutions LLC Makes New $1.02 Million Investment in Avantis Emerging Markets Equity ETF $AVEM

Fortress Financial Solutions LLC acquired a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 10,843 shares of the company’s stock, valued at approximately $1,019,000. Avantis Emerging Markets Equity ETF accounts for about 0.9% of Fortress Financial Solutions LLC’s portfolio, making the stock its 28th largest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Winch Advisory Services LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF in the 1st quarter valued at about $26,000. JFS Wealth Advisors LLC lifted its stake in Avantis Emerging Markets Equity ETF by 67.3% in the 2nd quarter. JFS Wealth Advisors LLC now owns 276 shares of the company’s stock valued at $27,000 after purchasing an additional 111 shares during the last quarter. Glenmede Trust Co. NA acquired a new stake in Avantis Emerging Markets Equity ETF in the 1st quarter valued at about $31,000. Investors Research Corp acquired a new stake in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at about $39,000. Finally, First Community Trust NA grew its holdings in Avantis Emerging Markets Equity ETF by 136.9% during the second quarter. First Community Trust NA now owns 443 shares of the company’s stock worth $43,000 after purchasing an additional 256 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

Avantis Emerging Markets Equity ETF stock traded down $1.80 during midday trading on Wednesday, reaching $91.02. 1,721,068 shares of the company’s stock were exchanged, compared to its average volume of 1,912,484. The stock’s 50-day simple moving average is $94.23 and its 200 day simple moving average is $92.47. The firm has a market cap of $27.52 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75. Avantis Emerging Markets Equity ETF has a 52 week low of $73.79 and a 52 week high of $100.83.

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.