Allen Capital Group LLC Boosts Holdings in Avantis Emerging Markets Equity ETF $AVEM

Allen Capital Group LLC increased its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 212,558 shares of the company’s stock after buying an additional 7,683 shares during the quarter. Avantis Emerging Markets Equity ETF makes up about 1.5% of Allen Capital Group LLC’s portfolio, making the stock its 16th largest position. Allen Capital Group LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $16,371,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Team Financial Group LLC increased its holdings in Avantis Emerging Markets Equity ETF by 184.2% during the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock worth $43,000 after buying an additional 361 shares during the last quarter. MeadowBrook Investment Advisors LLC purchased a new stake in Avantis Emerging Markets Equity ETF during the fourth quarter worth about $65,000. LGT Financial Advisors LLC purchased a new stake in Avantis Emerging Markets Equity ETF during the third quarter worth about $78,000. Spire Wealth Management increased its holdings in 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 worth $83,000 after buying an additional 326 shares during the last quarter. Finally, TD Waterhouse Canada Inc. bought a new position in Avantis Emerging Markets Equity ETF during the third quarter worth about $91,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:AVEM opened at $93.05 on Monday. The firm has a market capitalization of $24.27 billion, a PE ratio of 12.66 and a beta of 0.72. Avantis Emerging Markets Equity ETF has a twelve month low of $63.91 and a twelve month high of $96.07. The company has a 50-day moving average price of $86.83 and a two-hundred day moving average price of $82.69.

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.