52,044 Shares in Avantis Emerging Markets Equity ETF $AVEM Purchased by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. bought a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 52,044 shares of the company’s stock, valued at approximately $3,909,000. Avantis Emerging Markets Equity ETF comprises approximately 1.3% of Lifestyle Asset Management Inc.’s investment portfolio, making the stock its 16th biggest position.

Several other hedge funds also recently modified their holdings of the company. Modera Wealth Management LLC raised its holdings in Avantis Emerging Markets Equity ETF by 0.7% in the 2nd quarter. Modera Wealth Management LLC now owns 181,076 shares of the company’s stock valued at $12,411,000 after acquiring an additional 1,234 shares during the last quarter. Royal Bank of Canada grew its holdings in Avantis Emerging Markets Equity ETF by 7.8% in the 1st quarter. Royal Bank of Canada now owns 290,593 shares of the company’s stock valued at $17,485,000 after buying an additional 20,996 shares during the period. Stone Summit Wealth LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 2.8% during the 2nd quarter. Stone Summit Wealth LLC now owns 34,371 shares of the company’s stock valued at $2,356,000 after acquiring an additional 935 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 27.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 29,823 shares of the company’s stock worth $2,044,000 after acquiring an additional 6,387 shares during the period. Finally, XY Planning Network Inc. grew its holdings in Avantis Emerging Markets Equity ETF by 89.7% in the second quarter. XY Planning Network Inc. now owns 7,745 shares of the company’s stock valued at $531,000 after purchasing an additional 3,663 shares during the period.

Avantis Emerging Markets Equity ETF Stock Up 1.1%

AVEM stock opened at $75.89 on Friday. The company has a market cap of $14.08 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. The business has a fifty day simple moving average of $76.63 and a 200-day simple moving average of $72.88. Avantis Emerging Markets Equity ETF has a 52 week low of $52.52 and a 52 week high of $78.76.

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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.