Avantis Emerging Markets Equity ETF $AVEM Position Increased by Tradition Wealth Management LLC

Tradition Wealth Management LLC raised its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 89.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,068 shares of the company’s stock after buying an additional 15,116 shares during the quarter. Tradition Wealth Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $2,470,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in Avantis Emerging Markets Equity ETF by 4.9% during the third quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock valued at $1,382,953,000 after buying an additional 867,710 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Avantis Emerging Markets Equity ETF by 3.4% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 9,209,393 shares of the company’s stock valued at $691,717,000 after purchasing an additional 304,731 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Avantis Emerging Markets Equity ETF by 29.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,628,408 shares of the company’s stock valued at $279,460,000 after purchasing an additional 827,325 shares during the period. Vantagepoint Investment Advisers LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 3.5% in the 4th quarter. Vantagepoint Investment Advisers LLC now owns 2,345,197 shares of the company’s stock valued at $180,627,000 after purchasing an additional 78,326 shares during the period. Finally, HighTower Advisors LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 5.9% in the 3rd quarter. HighTower Advisors LLC now owns 2,263,581 shares of the company’s stock valued at $170,017,000 after purchasing an additional 126,853 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM opened at $91.23 on Friday. The company has a market capitalization of $23.79 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a fifty-two week low of $66.19 and a fifty-two week high of $99.67. The business’s 50-day moving average is $89.90 and its 200-day moving average is $83.99.

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.