Simplicity Wealth LLC Has $28.21 Million Holdings in Avantis Emerging Markets Equity ETF $AVEM

Simplicity Wealth LLC raised its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 116.6% during the second quarter, HoldingsChannel.com reports. The fund owned 411,510 shares of the company’s stock after acquiring an additional 221,519 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for about 1.2% of Simplicity Wealth LLC’s holdings, making the stock its 15th largest position. Simplicity Wealth LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $28,205,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AVEM. Janney Montgomery Scott LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the 1st quarter valued at $1,410,000. Royal Bank of Canada lifted its holdings in Avantis Emerging Markets Equity ETF by 7.8% during the 1st quarter. Royal Bank of Canada now owns 290,593 shares of the company’s stock valued at $17,485,000 after purchasing an additional 20,996 shares during the last quarter. Brown Advisory Inc. acquired a new position in Avantis Emerging Markets Equity ETF in the first quarter valued at about $426,000. Stone Summit Wealth LLC grew its stake in Avantis Emerging Markets Equity ETF by 2.8% during the second quarter. Stone Summit Wealth LLC now owns 34,371 shares of the company’s stock worth $2,356,000 after buying an additional 935 shares during the last quarter. Finally, XY Planning Network Inc. increased its holdings in shares of Avantis Emerging Markets Equity ETF by 89.7% during the second quarter. XY Planning Network Inc. now owns 7,745 shares of the company’s stock worth $531,000 after buying an additional 3,663 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 0.3%

NYSEARCA:AVEM opened at $76.11 on Friday. The stock has a market capitalization of $13.65 billion, a P/E ratio of 12.66 and a beta of 0.80. Avantis Emerging Markets Equity ETF has a 1 year low of $52.52 and a 1 year high of $76.37. The firm has a 50 day moving average of $72.37 and a 200-day moving average of $66.91.

Avantis Emerging Markets Equity ETF 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.