Alpha Financial Advisors LLC Acquires New Position in Avantis Emerging Markets Equity ETF $AVEM

Alpha Financial Advisors LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the 4th quarter, HoldingsChannel reports. The firm acquired 237,635 shares of the company’s stock, valued at approximately $18,303,000. Avantis Emerging Markets Equity ETF accounts for about 5.6% of Alpha Financial Advisors LLC’s portfolio, making the stock its 7th biggest position.

Other institutional investors also recently bought and sold shares of the company. American Capital Advisory LLC acquired a new position in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at about $30,000. Team Financial Group LLC lifted its holdings in Avantis Emerging Markets Equity ETF by 184.2% in the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after acquiring an additional 361 shares during the last quarter. Tripletail Wealth Management LLC purchased a new position in Avantis Emerging Markets Equity ETF in the third quarter worth approximately $49,000. Spire Wealth Management raised its position in Avantis Emerging Markets Equity ETF by 324.9% in the third quarter. Spire Wealth Management now owns 752 shares of the company’s stock valued at $56,000 after purchasing an additional 575 shares during the period. Finally, Mather Group LLC. purchased a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth $57,000.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA:AVEM opened at $80.67 on Friday. The company has a market capitalization of $20.22 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a 12-month low of $52.52 and a 12-month high of $89.75. The business has a 50-day moving average price of $83.67 and a 200 day moving average price of $79.40.

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.