Avantis Emerging Markets Equity ETF $AVEM Shares Purchased by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC raised its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 23.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 58,430 shares of the company’s stock after purchasing an additional 10,955 shares during the quarter. Avantis Emerging Markets Equity ETF comprises 0.8% of Canvas Wealth Advisors LLC’s portfolio, making the stock its 26th largest holding. Canvas Wealth Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $4,708,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AVEM. Busey Bank bought a new stake in shares of Avantis Emerging Markets Equity ETF in the 1st quarter worth $281,000. Libra Wealth LLC boosted its stake in Avantis Emerging Markets Equity ETF by 0.8% during the first quarter. Libra Wealth LLC now owns 191,780 shares of the company’s stock valued at $15,454,000 after buying an additional 1,511 shares in the last quarter. Stephens Inc. AR acquired a new position in Avantis Emerging Markets Equity ETF during the first quarter worth about $6,601,000. Walkner Condon Financial Advisors LLC grew its holdings in Avantis Emerging Markets Equity ETF by 14.2% during the first quarter. Walkner Condon Financial Advisors LLC now owns 226,956 shares of the company’s stock worth $18,288,000 after acquiring an additional 28,224 shares during the period. Finally, Retirement Financial Solutions LLC grew its holdings in Avantis Emerging Markets Equity ETF by 1.1% during the first quarter. Retirement Financial Solutions LLC now owns 144,582 shares of the company’s stock worth $11,650,000 after acquiring an additional 1,512 shares during the period.

Avantis Emerging Markets Equity ETF Trading Up 3.1%

Shares of Avantis Emerging Markets Equity ETF stock opened at $95.31 on Tuesday. Avantis Emerging Markets Equity ETF has a 52 week low of $68.15 and a 52 week high of $100.83. The stock has a market cap of $25.98 billion, a PE ratio of 12.66 and a beta of 0.73. The company’s 50-day moving average price is $94.36 and its two-hundred day moving average price is $86.72.

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.