Fragasso Financial Advisors Inc Buys 330,625 Shares of Avantis Emerging Markets Equity ETF $AVEM

Fragasso Financial Advisors Inc grew its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 54.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 941,057 shares of the company’s stock after buying an additional 330,625 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for about 4.5% of Fragasso Financial Advisors Inc’s portfolio, making the stock its 7th largest holding. Fragasso Financial Advisors Inc owned about 0.31% of Avantis Emerging Markets Equity ETF worth $88,563,000 as of its most recent filing with the Securities & Exchange Commission.

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

Avantis Emerging Markets Equity ETF Trading Down 0.8%

Avantis Emerging Markets Equity ETF stock traded down $0.70 during mid-day trading on Tuesday, hitting $92.57. The company had a trading volume of 1,049,560 shares, compared to its average volume of 1,907,084. The company has a market capitalization of $27.98 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75. Avantis Emerging Markets Equity ETF has a 12-month low of $73.79 and a 12-month high of $100.83. The company’s fifty day moving average is $94.25 and its 200-day moving average is $92.31.

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.