Lakeridge Wealth Management LLC Has $4.08 Million Stake in Avantis Emerging Markets Equity ETF $AVEM

Lakeridge Wealth Management LLC boosted its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 273.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,566 shares of the company’s stock after acquiring an additional 43,627 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for 1.9% of Lakeridge Wealth Management LLC’s portfolio, making the stock its 16th largest position. Lakeridge Wealth Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $4,083,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AVEM. Hantz Financial Services Inc. lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 2,366.7% in the second quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock valued at $25,000 after purchasing an additional 355 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in shares of Avantis Emerging Markets Equity ETF by 213.4% during the second quarter. AdvisorNet Financial Inc now owns 492 shares of the company’s stock worth $34,000 after buying an additional 335 shares in the last quarter. South Plains Financial Inc. acquired a new stake in Avantis Emerging Markets Equity ETF in the 1st quarter valued at approximately $41,000. Clarity Asset Management Inc. raised its position in Avantis Emerging Markets Equity ETF by 31.5% in the 1st quarter. Clarity Asset Management Inc. now owns 752 shares of the company’s stock valued at $45,000 after buying an additional 180 shares during the last quarter. Finally, Hollencrest Capital Management bought a new stake in Avantis Emerging Markets Equity ETF in the 1st quarter valued at approximately $59,000.

Avantis Emerging Markets Equity ETF Stock Up 1.9%

Shares of AVEM opened at $78.01 on Tuesday. The stock has a market capitalization of $14.47 billion, a P/E ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a twelve month low of $52.52 and a twelve month high of $78.76. The company has a 50 day moving average of $75.46 and a 200-day moving average of $70.32.

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.