Arax Advisory Partners Takes Position in Avantis Emerging Markets Equity ETF $AVEM

Arax Advisory Partners acquired a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 234,975 shares of the company’s stock, valued at approximately $18,098,000. Arax Advisory Partners owned about 0.11% of Avantis Emerging Markets Equity ETF as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 192.7% in the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock valued at $34,000 after buying an additional 289 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at approximately $36,000. Team Financial Group LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 184.2% in the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after buying an additional 361 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Avantis Emerging Markets Equity ETF by 49.5% in the fourth quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock valued at $43,000 after buying an additional 183 shares during the last quarter. Finally, Evolution Wealth Management Inc. lifted its holdings in Avantis Emerging Markets Equity ETF by 209.7% during the 4th quarter. Evolution Wealth Management Inc. now owns 703 shares of the company’s stock worth $54,000 after purchasing an additional 476 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 0.4%

NYSEARCA:AVEM opened at $95.72 on Friday. The stock has a market cap of $24.96 billion, a P/E ratio of 12.66 and a beta of 0.73. The stock has a 50 day simple moving average of $91.32 and a 200 day simple moving average of $84.62. Avantis Emerging Markets Equity ETF has a 1-year low of $66.19 and a 1-year high of $99.67.

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.