Diversify Wealth Management LLC Buys 22,706 Shares of Avantis Emerging Markets Equity ETF $AVEM

Diversify Wealth Management LLC lifted its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 88.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,397 shares of the company’s stock after acquiring an additional 22,706 shares during the quarter. Diversify Wealth Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $4,287,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AVEM. Asempa Wealth Advisors purchased a new stake in Avantis Emerging Markets Equity ETF in the 4th quarter valued at about $939,000. Breakwater Capital Group boosted its stake in shares of Avantis Emerging Markets Equity ETF by 14.8% in the 4th quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock worth $4,045,000 after buying an additional 6,774 shares during the last quarter. Greenwood Capital Associates LLC boosted its stake 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 buying an additional 9,895 shares during the last quarter. ACT Advisors LLC. grew its holdings in shares of Avantis Emerging Markets Equity ETF by 3.4% in the fourth quarter. ACT Advisors LLC. now owns 307,508 shares of the company’s stock valued at $23,684,000 after acquiring an additional 10,245 shares in the last quarter. Finally, Armstrong Fleming & Moore Inc grew its holdings in shares of Avantis Emerging Markets Equity ETF by 16.0% in the fourth quarter. Armstrong Fleming & Moore Inc now owns 233,841 shares of the company’s stock valued at $18,010,000 after acquiring an additional 32,228 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM opened at $94.14 on Monday. The company has a market capitalization of $25.90 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. The stock has a 50 day moving average of $94.85 and a 200 day moving average of $87.37. Avantis Emerging Markets Equity ETF has a 12 month low of $68.27 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.