BlackDiamond Wealth Management LLC Makes New Investment in Avantis Emerging Markets Equity ETF $AVEM

BlackDiamond Wealth Management LLC bought a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,217 shares of the company’s stock, valued at approximately $1,095,000.

A number of other institutional investors have also recently added to or reduced their stakes in AVEM. Rothschild Investment LLC lifted its position in Avantis Emerging Markets Equity ETF by 192.7% in the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after purchasing an additional 289 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in Avantis Emerging Markets Equity ETF in the fourth quarter worth approximately $36,000. Team Financial Group LLC lifted its position 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 worth $43,000 after purchasing an additional 361 shares during the period. Hantz Financial Services Inc. lifted its position in 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 worth $43,000 after purchasing an additional 183 shares during the period. Finally, MeadowBrook Investment Advisors LLC acquired a new stake in Avantis Emerging Markets Equity ETF in the fourth quarter worth approximately $65,000.

Avantis Emerging Markets Equity ETF Price Performance

AVEM opened at $98.20 on Thursday. The company has a market capitalization of $25.61 billion, a price-to-earnings ratio of 12.66 and a beta of 0.72. Avantis Emerging Markets Equity ETF has a 1-year low of $65.66 and a 1-year high of $99.67. The business has a 50 day moving average price of $89.36 and a two-hundred day moving average price of $83.80.

Avantis Emerging Markets Equity ETF Company 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.