Arwa LLC Takes Position in Avantis Emerging Markets Equity ETF $AVEM

Arwa LLC bought a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 33,022 shares of the company’s stock, valued at approximately $2,543,000. Avantis Emerging Markets Equity ETF makes up approximately 1.5% of Arwa LLC’s investment portfolio, making the stock its 10th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of AVEM. Asempa Wealth Advisors acquired a new stake in Avantis Emerging Markets Equity ETF in the fourth quarter valued at approximately $939,000. Breakwater Capital Group raised its position in shares of Avantis Emerging Markets Equity ETF by 14.8% during the fourth quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock worth $4,045,000 after purchasing an additional 6,774 shares during the period. ACT Advisors LLC. raised its position in shares of Avantis Emerging Markets Equity ETF by 3.4% during the fourth quarter. ACT Advisors LLC. now owns 307,508 shares of the company’s stock worth $23,684,000 after purchasing an additional 10,245 shares during the period. Greenwood Capital Associates LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 24.5% in the 4th quarter. Greenwood Capital Associates LLC now owns 50,241 shares of the company’s stock worth $3,870,000 after purchasing an additional 9,895 shares in the last quarter. Finally, Armstrong Fleming & Moore Inc lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 16.0% in the 4th quarter. Armstrong Fleming & Moore Inc now owns 233,841 shares of the company’s stock worth $18,010,000 after purchasing an additional 32,228 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA AVEM opened at $99.71 on Friday. The company has a market cap of $26.00 billion, a P/E ratio of 12.66 and a beta of 0.73. The company has a fifty day simple moving average of $92.95 and a 200 day simple moving average of $85.39. Avantis Emerging Markets Equity ETF has a 12-month low of $66.19 and a 12-month high of $100.00.

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.