Modern Wealth Management LLC Invests $205,000 in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Modern Wealth Management LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 4th quarter, Holdings Channel.com reports. The firm purchased 3,398 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Flagstar Advisors Inc. boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 2.2% in the 4th quarter. Flagstar Advisors Inc. now owns 8,247 shares of the company’s stock valued at $485,000 after purchasing an additional 175 shares in the last quarter. ORBA Wealth Advisors L.L.C. lifted its position in shares of Avantis Emerging Markets Equity ETF by 0.3% during the 4th quarter. ORBA Wealth Advisors L.L.C. now owns 65,396 shares of the company’s stock worth $3,845,000 after buying an additional 175 shares during the last quarter. Evanson Asset Management LLC boosted its stake in Avantis Emerging Markets Equity ETF by 2.2% in the fourth quarter. Evanson Asset Management LLC now owns 8,774 shares of the company’s stock valued at $516,000 after buying an additional 187 shares in the last quarter. Orion Capital Management LLC grew its position in Avantis Emerging Markets Equity ETF by 2.1% in the third quarter. Orion Capital Management LLC now owns 10,007 shares of the company’s stock valued at $646,000 after acquiring an additional 204 shares during the last quarter. Finally, Truist Financial Corp raised its stake in Avantis Emerging Markets Equity ETF by 4.1% during the fourth quarter. Truist Financial Corp now owns 5,725 shares of the company’s stock worth $337,000 after acquiring an additional 224 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 1.9 %

Shares of Avantis Emerging Markets Equity ETF stock opened at $60.40 on Friday. The firm’s 50 day moving average is $60.49 and its 200 day moving average is $61.26. The firm has a market capitalization of $7.66 billion, a PE ratio of 12.48 and a beta of 0.79. Avantis Emerging Markets Equity ETF has a 1 year low of $55.65 and a 1 year high of $66.31.

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.