Avantis Emerging Markets Equity ETF $AVEM is Pasadena Private Wealth LLC’s 9th Largest Position

Pasadena Private Wealth LLC decreased its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 27.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 228,371 shares of the company’s stock after selling 86,790 shares during the period. Avantis Emerging Markets Equity ETF comprises approximately 2.5% of Pasadena Private Wealth LLC’s portfolio, making the stock its 9th biggest holding. Pasadena Private Wealth LLC owned about 0.09% of Avantis Emerging Markets Equity ETF worth $18,402,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC boosted its position in Avantis Emerging Markets Equity ETF by 192.7% during the 4th quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock valued at $34,000 after buying an additional 289 shares during the period. MidAtlantic Capital Management Inc. purchased a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at about $36,000. Team Financial Group LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 184.2% in the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after acquiring an additional 361 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Avantis Emerging Markets Equity ETF by 49.5% during the fourth quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock valued at $43,000 after acquiring an additional 183 shares during the last quarter. Finally, Motiv8 Investments LLC bought a new position in shares of Avantis Emerging Markets Equity ETF during the fourth quarter valued at about $47,000.

Avantis Emerging Markets Equity ETF Stock Performance

Avantis Emerging Markets Equity ETF stock opened at $94.40 on Monday. The firm has a 50-day moving average of $93.86 and a 200-day moving average of $86.12. The firm has a market cap of $24.62 billion, a P/E ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 1-year low of $68.00 and a 1-year high of $100.83.

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