Capstone Wealth Management Inc. Acquires New Position in Avantis Emerging Markets Equity ETF $AVEM

Capstone Wealth Management Inc. purchased a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 20,167 shares of the company’s stock, valued at approximately $1,584,000. Avantis Emerging Markets Equity ETF comprises approximately 1.4% of Capstone Wealth Management Inc.’s investment portfolio, making the stock its 15th largest position.

Other institutional investors also recently modified their holdings of the company. Asempa Wealth Advisors acquired a new position in Avantis Emerging Markets Equity ETF during the fourth quarter worth $939,000. Breakwater Capital Group raised its position in Avantis Emerging Markets Equity ETF by 14.8% during the fourth quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock worth $4,045,000 after acquiring an additional 6,774 shares in the last quarter. ACT Advisors LLC. grew its position in shares of Avantis Emerging Markets Equity ETF by 3.4% in the 4th 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 during the period. Greenwood Capital Associates LLC lifted its stake in 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 valued at $3,870,000 after purchasing an additional 9,895 shares during the last quarter. Finally, Clear Creek Financial Management LLC increased its position in Avantis Emerging Markets Equity ETF by 105.5% during the third quarter. Clear Creek Financial Management LLC now owns 17,265 shares of the company’s stock worth $1,297,000 after buying an additional 8,863 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 3.2%

AVEM stock opened at $99.71 on Friday. The business’s 50 day simple moving average is $92.67 and its 200 day simple moving average is $85.29. Avantis Emerging Markets Equity ETF has a 1-year low of $66.19 and a 1-year high of $100.00. The firm has a market capitalization of $26.00 billion, a PE ratio of 12.66 and a beta of 0.73.

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.