Financial Plan Inc. Has $40.78 Million Stake in Avantis Emerging Markets Equity ETF $AVEM

Financial Plan Inc. lifted its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 7.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 506,092 shares of the company’s stock after purchasing an additional 32,981 shares during the period. Avantis Emerging Markets Equity ETF accounts for about 4.4% of Financial Plan Inc.’s investment portfolio, making the stock its 7th biggest holding. Financial Plan Inc. owned about 0.20% of Avantis Emerging Markets Equity ETF worth $40,781,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AVEM. Bank of America Corp DE raised its stake in Avantis Emerging Markets Equity ETF by 1,271.2% during the second quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock valued at $1,202,511,000 after buying an additional 16,265,184 shares during the last quarter. Align Financial LLC bought a new position in Avantis Emerging Markets Equity ETF in the 4th quarter valued at approximately $528,227,000. Kestra Investment Management LLC boosted its stake in Avantis Emerging Markets Equity ETF by 3,618.9% during the 4th quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock valued at $113,646,000 after purchasing an additional 1,435,866 shares during the last quarter. Maseco LLP bought a new stake in shares of Avantis Emerging Markets Equity ETF in the 1st quarter worth $93,504,000. Finally, LPL Financial LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 39.6% during the fourth quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock valued at $288,100,000 after buying an additional 1,061,034 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

AVEM opened at $92.44 on Friday. The company’s 50-day simple moving average is $94.31 and its two-hundred day simple moving average is $86.61. The stock has a market capitalization of $25.11 billion, a P/E ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 52-week low of $68.15 and a 52-week high of $100.83.

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.