Stonehearth Capital Management LLC Acquires New Holdings in Avantis Emerging Markets Equity ETF $AVEM

Stonehearth Capital Management LLC bought a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 75,229 shares of the company’s stock, valued at approximately $7,073,000. Avantis Emerging Markets Equity ETF accounts for about 2.4% of Stonehearth Capital Management LLC’s portfolio, making the stock its 12th largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE boosted its holdings in Avantis Emerging Markets Equity ETF by 45.1% in the 1st quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock valued at $2,310,765,000 after purchasing an additional 8,908,264 shares during the period. Align Financial LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF during the 4th quarter valued at $528,227,000. Maseco LLP purchased a new position in shares of Avantis Emerging Markets Equity ETF during the 1st quarter valued at $93,504,000. Parallel Advisors LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 1,654.5% in the first quarter. Parallel Advisors LLC now owns 760,155 shares of the company’s stock worth $61,253,000 after purchasing an additional 716,830 shares during the period. Finally, Atwood & Palmer Inc. bought a new position in shares of Avantis Emerging Markets Equity ETF in the third quarter worth $64,229,000.

Avantis Emerging Markets Equity ETF Stock Performance

Avantis Emerging Markets Equity ETF stock opened at $92.82 on Wednesday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $73.79 and a fifty-two week high of $100.83. The stock has a market cap of $28.06 billion, a P/E ratio of 12.66 and a beta of 0.75. The firm’s fifty day moving average price is $94.26 and its 200-day moving average price is $92.39.

About Avantis Emerging Markets Equity ETF

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.