Strategic Financial Concepts LLC Acquires 2,128,958 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Strategic Financial Concepts LLC lifted its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 7,528.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,157,235 shares of the company’s stock after purchasing an additional 2,128,958 shares during the quarter. Avantis Emerging Markets Equity ETF comprises approximately 0.6% of Strategic Financial Concepts LLC’s holdings, making the stock its 25th largest position. Strategic Financial Concepts LLC owned 2.41% of Avantis Emerging Markets Equity ETF worth $131,785,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Savant Capital LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF by 7.5% in the second quarter. Savant Capital LLC now owns 14,181,306 shares of the company’s stock worth $866,336,000 after buying an additional 992,460 shares in the last quarter. Private Advisor Group LLC boosted its stake in Avantis Emerging Markets Equity ETF by 6.1% during the 2nd quarter. Private Advisor Group LLC now owns 38,884 shares of the company’s stock valued at $2,375,000 after purchasing an additional 2,221 shares during the last quarter. Foundations Investment Advisors LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 2.1% in the 2nd quarter. Foundations Investment Advisors LLC now owns 175,290 shares of the company’s stock worth $10,708,000 after purchasing an additional 3,679 shares in the last quarter. Cozad Asset Management Inc. raised its stake in shares of Avantis Emerging Markets Equity ETF by 111.1% in the second quarter. Cozad Asset Management Inc. now owns 7,390 shares of the company’s stock worth $451,000 after purchasing an additional 3,890 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 2.8% during the second quarter. Tortoise Investment Management LLC now owns 83,694 shares of the company’s stock valued at $5,113,000 after purchasing an additional 2,312 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA AVEM opened at $59.20 on Friday. Avantis Emerging Markets Equity ETF has a one year low of $50.65 and a one year high of $63.64. The stock has a 50-day moving average of $60.98 and a 200 day moving average of $59.88. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88.

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.