marrick wealth LLC Invests $1.77 Million in Avantis Emerging Markets Equity ETF $AVEM

marrick wealth LLC bought a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,007 shares of the company’s stock, valued at approximately $1,772,000. Avantis Emerging Markets Equity ETF makes up 1.5% of marrick wealth LLC’s holdings, making the stock its 13th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in AVEM. AQR Capital Management LLC grew its stake 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 buying an additional 2,596 shares in the last quarter. M&T Bank Corp bought a new position in shares of Avantis Emerging Markets Equity ETF in the second quarter valued at $287,000. Diversify Advisory Services LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the second quarter valued at $478,000. Diversify Wealth Management LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 20.3% in the second quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock valued at $946,000 after buying an additional 2,244 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake 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 valued at $1,010,000 after buying an additional 6,271 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 0.4%

NYSEARCA:AVEM opened at $95.72 on Friday. Avantis Emerging Markets Equity ETF has a 1-year low of $66.19 and a 1-year high of $99.67. The firm has a fifty day simple moving average of $91.32 and a 200 day simple moving average of $84.62. The stock has a market capitalization of $24.96 billion, a PE ratio of 12.66 and a beta of 0.73.

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