Cogent Private Wealth Inc. Invests $1.23 Million in Avantis Emerging Markets Equity ETF $AVEM

Cogent Private Wealth Inc. purchased a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,999 shares of the company’s stock, valued at approximately $1,232,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Twin Peaks Wealth Advisors LLC raised its stake in shares of Avantis Emerging Markets Equity ETF by 48.2% in the fourth quarter. Twin Peaks Wealth Advisors LLC now owns 5,263 shares of the company’s stock valued at $405,000 after acquiring an additional 1,711 shares in the last quarter. GW Henssler & Associates Ltd. acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at $16,586,000. Peapack Gladstone Financial Corp raised its stake in shares of Avantis Emerging Markets Equity ETF by 20.3% in the fourth quarter. Peapack Gladstone Financial Corp now owns 9,965 shares of the company’s stock valued at $768,000 after acquiring an additional 1,681 shares in the last quarter. Hazlett Burt & Watson Inc. raised its stake in shares of Avantis Emerging Markets Equity ETF by 1,454.6% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 4,042 shares of the company’s stock valued at $309,000 after acquiring an additional 3,782 shares in the last quarter. Finally, Cherry Tree Wealth Management LLC raised its stake in shares of Avantis Emerging Markets Equity ETF by 1.4% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 74,719 shares of the company’s stock valued at $5,755,000 after acquiring an additional 1,038 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 2.0%

Shares of NYSEARCA AVEM opened at $98.88 on Tuesday. The stock has a market cap of $25.79 billion, a P/E ratio of 12.66 and a beta of 0.72. Avantis Emerging Markets Equity ETF has a 12-month low of $64.39 and a 12-month high of $99.41. The business’s fifty day simple moving average is $88.61 and its 200-day simple moving average is $83.50.

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.