Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) is Passive Capital Management LLC.’s 10th Largest Position

Passive Capital Management LLC. lifted its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 125,729 shares of the company’s stock after purchasing an additional 1,423 shares during the quarter. Avantis Emerging Markets Equity ETF makes up 2.6% of Passive Capital Management LLC.’s portfolio, making the stock its 10th largest position. Passive Capital Management LLC.’s holdings in Avantis Emerging Markets Equity ETF were worth $7,392,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AVEM. FMR LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 223.6% in the 3rd quarter. FMR LLC now owns 2,016 shares of the company’s stock worth $130,000 after acquiring an additional 1,393 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Avantis Emerging Markets Equity ETF during the third quarter valued at about $144,000. Kestra Investment Management LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter worth about $159,000. MBE Wealth Management LLC purchased a new stake in Avantis Emerging Markets Equity ETF during the 4th quarter valued at about $204,000. Finally, Gladstone Institutional Advisory LLC bought a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter worth approximately $205,000.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA:AVEM opened at $60.07 on Friday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $55.65 and a fifty-two week high of $66.31. The firm has a market cap of $7.52 billion, a PE ratio of 11.90 and a beta of 0.78. The business has a 50 day moving average price of $59.61 and a 200-day moving average price of $61.27.

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.