Align Financial LLC Acquires Shares of 6,858,314 Avantis Emerging Markets Equity ETF $AVEM

Align Financial LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,858,314 shares of the company’s stock, valued at approximately $528,227,000. Avantis Emerging Markets Equity ETF accounts for 2.4% of Align Financial LLC’s portfolio, making the stock its 11th biggest position. Align Financial LLC owned approximately 3.10% of Avantis Emerging Markets Equity ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Asempa Wealth Advisors bought a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at about $939,000. Breakwater Capital Group raised its holdings in shares of Avantis Emerging Markets Equity ETF by 14.8% in the fourth quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock valued at $4,045,000 after buying an additional 6,774 shares during the last quarter. ACT Advisors LLC. raised 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 buying an additional 10,245 shares during the last quarter. Greenwood Capital Associates LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 24.5% in the fourth quarter. Greenwood Capital Associates LLC now owns 50,241 shares of the company’s stock valued at $3,870,000 after buying an additional 9,895 shares during the last quarter. Finally, Clear Creek Financial Management LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 105.5% in the third quarter. Clear Creek Financial Management LLC now owns 17,265 shares of the company’s stock valued at $1,297,000 after buying an additional 8,863 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Down 0.3%

Avantis Emerging Markets Equity ETF stock opened at $96.65 on Thursday. The stock has a 50-day simple moving average of $92.31 and a 200 day simple moving average of $85.13. Avantis Emerging Markets Equity ETF has a 12-month low of $66.19 and a 12-month high of $99.67. The stock has a market capitalization of $25.21 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73.

About Avantis Emerging Markets Equity ETF

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.