Avantis Emerging Markets Equity ETF $AVEM Shares Acquired by Friday Financial

Friday Financial boosted its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 64.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,208 shares of the company’s stock after buying an additional 12,569 shares during the period. Avantis Emerging Markets Equity ETF makes up about 0.6% of Friday Financial’s investment portfolio, making the stock its 29th biggest position. Friday Financial’s holdings in Avantis Emerging Markets Equity ETF were worth $3,029,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Winch Advisory Services LLC bought a new position in shares of Avantis Emerging Markets Equity ETF during the first quarter worth $26,000. JFS Wealth Advisors LLC grew its stake in Avantis Emerging Markets Equity ETF by 67.3% in the second quarter. JFS Wealth Advisors LLC now owns 276 shares of the company’s stock valued at $27,000 after acquiring an additional 111 shares during the period. Glenmede Trust Co. NA bought a new stake in shares of Avantis Emerging Markets Equity ETF in the first quarter worth about $31,000. Investors Research Corp bought a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter worth about $39,000. Finally, First Community Trust NA raised its position in shares of Avantis Emerging Markets Equity ETF by 136.9% during the second quarter. First Community Trust NA now owns 443 shares of the company’s stock worth $43,000 after purchasing an additional 256 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

AVEM opened at $94.11 on Friday. The company has a market capitalization of $28.42 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75. Avantis Emerging Markets Equity ETF has a 1 year low of $72.94 and a 1 year high of $100.83. The business’s 50-day moving average price is $94.19 and its two-hundred day moving average price is $92.14.

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.