HMV Wealth Advisors LLC Makes New $653,000 Investment in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

HMV Wealth Advisors LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,855 shares of the company’s stock, valued at approximately $653,000.

A number of other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its holdings in shares of Avantis Emerging Markets Equity ETF by 8.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 14,915,520 shares of the company’s stock valued at $876,883,000 after buying an additional 1,115,487 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the fourth quarter valued at approximately $471,967,000. Cerity Partners LLC lifted its position in Avantis Emerging Markets Equity ETF by 2.8% during the fourth quarter. Cerity Partners LLC now owns 2,194,942 shares of the company’s stock valued at $129,041,000 after purchasing an additional 60,499 shares during the period. Wells Fargo & Company MN lifted its position in Avantis Emerging Markets Equity ETF by 40.0% during the fourth quarter. Wells Fargo & Company MN now owns 2,061,263 shares of the company’s stock valued at $121,182,000 after purchasing an additional 589,303 shares during the period. Finally, HighTower Advisors LLC lifted its position in Avantis Emerging Markets Equity ETF by 4.9% during the fourth quarter. HighTower Advisors LLC now owns 1,846,124 shares of the company’s stock valued at $108,534,000 after purchasing an additional 86,792 shares during the period.

Avantis Emerging Markets Equity ETF Stock Down 1.4%

Shares of Avantis Emerging Markets Equity ETF stock opened at $67.19 on Friday. The company has a market cap of $10.24 billion, a price-to-earnings ratio of 12.64 and a beta of 0.66. The company’s 50 day moving average is $62.34 and its 200 day moving average is $60.85. Avantis Emerging Markets Equity ETF has a twelve month low of $52.52 and a twelve month high of $68.19.

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.