Avantis Emerging Markets Equity ETF $AVEM Position Increased by Diversified Portfolios Inc.

Diversified Portfolios Inc. grew its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 549,538 shares of the company’s stock after acquiring an additional 46,703 shares during the period. Avantis Emerging Markets Equity ETF comprises 3.5% of Diversified Portfolios Inc.’s portfolio, making the stock its 7th largest holding. Diversified Portfolios Inc. owned 0.25% of Avantis Emerging Markets Equity ETF worth $42,325,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Team Financial Group LLC boosted its holdings in shares of 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 in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 49.5% in the fourth quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock valued at $43,000 after acquiring an additional 183 shares in the last quarter. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at about $65,000. LGT Financial Advisors LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter valued at about $78,000. Finally, Spire Wealth Management boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 43.4% in the fourth quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock valued at $83,000 after acquiring an additional 326 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA AVEM opened at $93.05 on Tuesday. Avantis Emerging Markets Equity ETF has a 52 week low of $63.91 and a 52 week high of $96.07. The firm has a 50-day moving average price of $87.08 and a 200 day moving average price of $82.80. The stock has a market capitalization of $24.27 billion, a price-to-earnings ratio of 12.66 and a beta of 0.72.

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.