Rialto Wealth Management LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,465 shares of the company’s stock, valued at approximately $674,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its stake in Avantis Emerging Markets Equity ETF by 223.6% in the 3rd quarter. FMR LLC now owns 2,016 shares of the company’s stock valued at $130,000 after acquiring an additional 1,393 shares during the period. Private Trust Co. NA increased its stake in shares of Avantis Emerging Markets Equity ETF by 29.4% in the fourth quarter. Private Trust Co. NA now owns 2,265 shares of the company’s stock worth $133,000 after purchasing an additional 515 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter valued at approximately $144,000. Kestra Investment Management LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the 4th quarter valued at approximately $159,000. Finally, MBE Wealth Management LLC bought a new position in Avantis Emerging Markets Equity ETF in the 4th quarter worth approximately $204,000.
Avantis Emerging Markets Equity ETF Trading Up 0.6 %
Avantis Emerging Markets Equity ETF stock opened at $61.19 on Friday. The firm has a 50 day simple moving average of $59.67 and a 200 day simple moving average of $61.24. Avantis Emerging Markets Equity ETF has a 1-year low of $55.65 and a 1-year high of $66.31. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 11.90 and a beta of 0.78.
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.
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