106,066 Shares in Avantis Emerging Markets Equity ETF $AVEM Acquired by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 106,066 shares of the company’s stock, valued at approximately $9,334,000.

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 13.2% during the 1st quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock valued at $1,336,000 after buying an additional 2,596 shares during the period. M&T Bank Corp purchased a new position in shares of Avantis Emerging Markets Equity ETF in the 2nd quarter worth $287,000. Diversify Advisory Services LLC acquired a new position in Avantis Emerging Markets Equity ETF in the second quarter valued at $478,000. Diversify Wealth Management LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 20.3% in the second quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock valued at $946,000 after acquiring an additional 2,244 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in Avantis Emerging Markets Equity ETF by 74.1% during the second quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock valued at $1,010,000 after acquiring an additional 6,271 shares during the period.

Avantis Emerging Markets Equity ETF Trading Down 1.3%

AVEM stock opened at $94.40 on Friday. The company has a market cap of $24.62 billion, a PE ratio of 12.66 and a beta of 0.73. The stock has a 50-day moving average price of $93.86 and a two-hundred day moving average price of $86.06. Avantis Emerging Markets Equity ETF has a 12-month low of $68.00 and a 12-month high of $100.83.

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.