Armstrong Fleming & Moore Inc Takes Position in Avantis Emerging Markets Equity ETF $AVEM

Armstrong Fleming & Moore Inc bought a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 201,613 shares of the company’s stock, valued at approximately $15,143,000. Avantis Emerging Markets Equity ETF accounts for about 7.2% of Armstrong Fleming & Moore Inc’s holdings, making the stock its 5th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AVEM. Hantz Financial Services Inc. grew its position in shares of Avantis Emerging Markets Equity ETF by 2,366.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock worth $25,000 after buying an additional 355 shares during the last quarter. AdvisorNet Financial Inc raised 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 valued at $34,000 after acquiring an additional 335 shares in the last quarter. Tripletail Wealth Management LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the third quarter worth $49,000. Blue Trust Inc. lifted its stake in Avantis Emerging Markets Equity ETF by 306.3% in the third quarter. Blue Trust Inc. now owns 780 shares of the company’s stock worth $59,000 after acquiring an additional 588 shares during the period. Finally, McElhenny Sheffield Capital Management LLC bought a new stake in Avantis Emerging Markets Equity ETF in the second quarter valued at $69,000.

Avantis Emerging Markets Equity ETF Stock Performance

Avantis Emerging Markets Equity ETF stock opened at $77.22 on Wednesday. The stock’s 50 day simple moving average is $76.78 and its two-hundred day simple moving average is $73.46. The stock has a market cap of $14.32 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a fifty-two week low of $52.52 and a fifty-two week high of $78.76.

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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.