Merit Financial Group LLC Buys 591,800 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Merit Financial Group LLC grew its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 486.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 713,524 shares of the company’s stock after purchasing an additional 591,800 shares during the quarter. Avantis Emerging Markets Equity ETF comprises approximately 0.8% of Merit Financial Group LLC’s investment portfolio, making the stock its 28th largest position. Merit Financial Group LLC owned approximately 0.80% of Avantis Emerging Markets Equity ETF worth $41,948,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC lifted its holdings in Avantis Emerging Markets Equity ETF by 49.2% in the second quarter. Renaissance Technologies LLC now owns 9,100 shares of the company’s stock valued at $556,000 after buying an additional 3,000 shares during the period. King Luther Capital Management Corp acquired a new position in Avantis Emerging Markets Equity ETF in the second quarter valued at approximately $238,000. Libra Wealth LLC lifted its stake in Avantis Emerging Markets Equity ETF by 23.7% in the second quarter. Libra Wealth LLC now owns 120,299 shares of the company’s stock valued at $7,349,000 after buying an additional 23,014 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 13.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,561 shares of the company’s stock worth $279,000 after buying an additional 550 shares in the last quarter. Finally, Certified Advisory Corp grew its holdings in Avantis Emerging Markets Equity ETF by 17.7% in the second quarter. Certified Advisory Corp now owns 85,619 shares of the company’s stock worth $5,230,000 after purchasing an additional 12,897 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

AVEM stock opened at $58.82 on Friday. The stock’s 50 day simple moving average is $60.26 and its 200 day simple moving average is $61.44. The company has a market cap of $5.26 billion, a P/E ratio of 9.91 and a beta of 0.88. Avantis Emerging Markets Equity ETF has a fifty-two week low of $53.21 and a fifty-two week high of $66.31.

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.