3,398 Shares in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Acquired by Modern Wealth Management LLC

Modern Wealth Management LLC bought a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,398 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 7,223.2% in the fourth quarter. Strategic Financial Concepts LLC now owns 2,894,202 shares of the company’s stock valued at $170,150,000 after buying an additional 2,854,681 shares in the last quarter. Savant Capital LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 7.6% during the 4th quarter. Savant Capital LLC now owns 16,567,391 shares of the company’s stock valued at $973,997,000 after acquiring an additional 1,172,561 shares during the period. Jane Street Group LLC grew its position in Avantis Emerging Markets Equity ETF by 380.2% in the 3rd quarter. Jane Street Group LLC now owns 1,421,298 shares of the company’s stock valued at $91,816,000 after acquiring an additional 1,125,300 shares in the last quarter. MML Investors Services LLC increased its stake in Avantis Emerging Markets Equity ETF by 270.3% during the third quarter. MML Investors Services LLC now owns 941,220 shares of the company’s stock worth $60,803,000 after purchasing an additional 687,056 shares during the period. Finally, Merit Financial Group LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 486.2% during the fourth quarter. Merit Financial Group LLC now owns 713,524 shares of the company’s stock worth $41,948,000 after purchasing an additional 591,800 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM stock opened at $60.40 on Friday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $55.65 and a fifty-two week high of $66.31. The company has a 50 day moving average price of $60.49 and a 200 day moving average price of $61.26. The stock has a market capitalization of $7.66 billion, a P/E ratio of 12.48 and a beta of 0.79.

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.