Flagstone Financial Management Purchases 1,146 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Flagstone Financial Management grew its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 113,164 shares of the company’s stock after purchasing an additional 1,146 shares during the quarter. Avantis Emerging Markets Equity ETF comprises approximately 2.2% of Flagstone Financial Management’s investment portfolio, making the stock its 12th largest position. Flagstone Financial Management owned approximately 0.13% of Avantis Emerging Markets Equity ETF worth $6,653,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AVEM. Renaissance Technologies LLC raised its holdings in Avantis Emerging Markets Equity ETF by 49.2% during the 2nd quarter. Renaissance Technologies LLC now owns 9,100 shares of the company’s stock worth $556,000 after purchasing an additional 3,000 shares during the last quarter. AQR Capital Management LLC bought a new position in Avantis Emerging Markets Equity ETF during the 2nd quarter worth approximately $309,000. NewEdge Advisors LLC raised its holdings in Avantis Emerging Markets Equity ETF by 111.3% during the 2nd quarter. NewEdge Advisors LLC now owns 29,706 shares of the company’s stock worth $1,815,000 after purchasing an additional 15,649 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Avantis Emerging Markets Equity ETF during the 2nd quarter worth approximately $657,000. Finally, Cetera Investment Advisers raised its holdings in Avantis Emerging Markets Equity ETF by 1.9% during the 2nd quarter. Cetera Investment Advisers now owns 57,299 shares of the company’s stock worth $3,500,000 after purchasing an additional 1,088 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Down 1.1 %

NYSEARCA:AVEM opened at $59.21 on Friday. The company has a fifty day moving average of $59.85 and a 200-day moving average of $61.20. The firm has a market capitalization of $5.30 billion, a P/E ratio of 9.91 and a beta of 0.88. Avantis Emerging Markets Equity ETF has a twelve month low of $54.33 and a twelve month high of $66.31.

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.