Marietta Wealth Management LLC Makes New Investment in Avantis Emerging Markets Equity ETF $AVEM

Marietta Wealth Management LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 244,424 shares of the company’s stock, valued at approximately $18,826,000. Avantis Emerging Markets Equity ETF makes up approximately 2.2% of Marietta Wealth Management LLC’s investment portfolio, making the stock its 7th largest position.

Several other institutional investors also recently modified their holdings of AVEM. AQR Capital Management LLC grew its holdings in shares of Avantis Emerging Markets Equity ETF by 13.2% in the first quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock valued at $1,336,000 after acquiring an additional 2,596 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the second quarter worth $287,000. Diversify Advisory Services LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the second quarter worth $478,000. Diversify Wealth Management LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 20.3% during the second quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock worth $946,000 after acquiring an additional 2,244 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in shares of Avantis Emerging Markets Equity ETF by 74.1% in the second quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock worth $1,010,000 after buying an additional 6,271 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM stock opened at $89.82 on Thursday. The business’s fifty day moving average is $84.29 and its 200 day moving average is $80.46. Avantis Emerging Markets Equity ETF has a 52-week low of $59.47 and a 52-week high of $90.68. The company has a market capitalization of $23.17 billion, a PE ratio of 12.66 and a beta of 0.67.

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.