Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Position Increased by Adero Partners LLC

Adero Partners LLC increased its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 960,483 shares of the company’s stock after acquiring an additional 71,135 shares during the quarter. Avantis Emerging Markets Equity ETF makes up 3.6% of Adero Partners LLC’s portfolio, making the stock its 8th biggest position. Adero Partners LLC owned 1.07% of Avantis Emerging Markets Equity ETF worth $56,467,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Iron Horse Wealth Management LLC acquired a new position in Avantis Emerging Markets Equity ETF in the third quarter worth about $28,000. Northwest Investment Counselors LLC bought a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter worth approximately $37,000. City State Bank acquired a new position in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter worth approximately $45,000. Brown Lisle Cummings Inc. bought a new stake in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter valued at approximately $82,000. Finally, FMR LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 223.6% during 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 in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM opened at $59.64 on Thursday. The stock has a market capitalization of $5.34 billion, a PE ratio of 9.91 and a beta of 0.88. The business’s fifty day moving average price is $59.75 and its 200 day moving average price is $61.14. Avantis Emerging Markets Equity ETF has a 12-month low of $55.00 and a 12-month 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.