Diversified Portfolios Inc. Boosts Holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Diversified Portfolios Inc. grew its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 14.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 362,931 shares of the company’s stock after purchasing an additional 46,811 shares during the period. Avantis Emerging Markets Equity ETF makes up 2.3% of Diversified Portfolios Inc.’s investment portfolio, making the stock its 12th largest holding. Diversified Portfolios Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $21,337,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of AVEM. Savant Capital LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 7.6% in the 4th quarter. Savant Capital LLC now owns 16,567,391 shares of the company’s stock worth $973,997,000 after acquiring an additional 1,172,561 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in Avantis Emerging Markets Equity ETF by 7,223.2% in the fourth quarter. Strategic Financial Concepts LLC now owns 2,894,202 shares of the company’s stock worth $170,150,000 after purchasing an additional 2,854,681 shares in the last quarter. Haverford Trust Co lifted its position in Avantis Emerging Markets Equity ETF by 0.6% during the third quarter. Haverford Trust Co now owns 2,248,631 shares of the company’s stock valued at $145,262,000 after buying an additional 13,301 shares during the period. Cerity Partners LLC boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 31.1% during the 3rd quarter. Cerity Partners LLC now owns 2,134,443 shares of the company’s stock valued at $137,885,000 after buying an additional 506,778 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in shares of Avantis Emerging Markets Equity ETF by 0.3% in the 3rd quarter. HighTower Advisors LLC now owns 1,759,332 shares of the company’s stock worth $113,638,000 after buying an additional 4,738 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA AVEM opened at $60.22 on Wednesday. Avantis Emerging Markets Equity ETF has a 1 year low of $55.00 and a 1 year high of $66.31. The firm has a 50-day moving average of $59.66 and a 200 day moving average of $61.14. The stock has a market cap of $5.39 billion, a P/E ratio of 9.91 and a beta of 0.88.

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.