Thrivent Financial for Lutherans Raises Stock Position in Avantis Emerging Markets Equity ETF $AVEM

Thrivent Financial for Lutherans raised its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 104.4% in the fourth quarter, HoldingsChannel reports. The firm owned 225,066 shares of the company’s stock after acquiring an additional 114,972 shares during the period. Thrivent Financial for Lutherans’ holdings in Avantis Emerging Markets Equity ETF were worth $17,358,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Team Financial Group LLC increased its position in Avantis Emerging Markets Equity ETF by 184.2% during the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after purchasing an additional 361 shares during the period. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the 4th quarter worth approximately $65,000. LGT Financial Advisors LLC bought a new position in shares of Avantis Emerging Markets Equity ETF during the third quarter valued at approximately $78,000. Spire Wealth Management boosted its stake in shares of Avantis Emerging Markets Equity ETF by 43.4% during the fourth quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock valued at $83,000 after purchasing an additional 326 shares in the last quarter. Finally, TD Waterhouse Canada Inc. purchased a new position in Avantis Emerging Markets Equity ETF during the third quarter valued at approximately $91,000.

Avantis Emerging Markets Equity ETF Trading Down 0.4%

Shares of NYSEARCA:AVEM opened at $91.47 on Tuesday. The company has a market capitalization of $23.86 billion, a PE ratio of 12.66 and a beta of 0.72. Avantis Emerging Markets Equity ETF has a 12-month low of $63.91 and a 12-month high of $96.07. The business’s fifty day simple moving average is $86.06 and its 200-day simple moving average is $82.28.

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.