Motco Raises Stock Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Motco raised its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 38.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,058 shares of the company’s stock after purchasing an additional 3,622 shares during the period. Motco’s holdings in Avantis Emerging Markets Equity ETF were worth $768,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AVEM. FMR LLC boosted its stake in Avantis Emerging Markets Equity ETF by 223.6% during the 3rd quarter. FMR LLC now owns 2,016 shares of the company’s stock worth $130,000 after purchasing an additional 1,393 shares during the last quarter. Private Trust Co. NA boosted its position in Avantis Emerging Markets Equity ETF by 29.4% during the fourth quarter. Private Trust Co. NA now owns 2,265 shares of the company’s stock worth $133,000 after acquiring an additional 515 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Avantis Emerging Markets Equity ETF during the 3rd quarter valued at about $144,000. Kestra Investment Management LLC purchased a new stake in Avantis Emerging Markets Equity ETF during the 4th quarter valued at about $159,000. Finally, MBE Wealth Management LLC purchased a new position in Avantis Emerging Markets Equity ETF in the 4th quarter worth approximately $204,000.

Avantis Emerging Markets Equity ETF Price Performance

AVEM stock opened at $60.07 on Friday. 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 $7.52 billion, a PE ratio of 11.90 and a beta of 0.78. The business has a 50 day simple moving average of $59.61 and a 200-day simple moving average 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.