34,906 Shares in Avantis Emerging Markets Equity ETF $AVEM Purchased by Newport Capital Group LLC

Newport Capital Group LLC bought a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 34,906 shares of the company’s stock, valued at approximately $3,279,000. Avantis Emerging Markets Equity ETF accounts for approximately 2.2% of Newport Capital Group LLC’s portfolio, making the stock its 17th biggest position.

Other institutional investors have also modified their holdings of the company. JFS Wealth Advisors LLC raised its position in Avantis Emerging Markets Equity ETF by 67.3% in the 2nd quarter. JFS Wealth Advisors LLC now owns 276 shares of the company’s stock valued at $27,000 after purchasing an additional 111 shares during the last quarter. Winch Advisory Services LLC purchased a new position in Avantis Emerging Markets Equity ETF during the 1st quarter worth $26,000. Glenmede Trust Co. NA purchased a new position in Avantis Emerging Markets Equity ETF during the 1st quarter worth $31,000. Investors Research Corp purchased a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter worth $39,000. Finally, First Community Trust NA increased its stake in Avantis Emerging Markets Equity ETF by 136.9% in the second quarter. First Community Trust NA now owns 443 shares of the company’s stock valued at $43,000 after purchasing an additional 256 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:AVEM traded down $1.51 on Friday, reaching $88.89. The company’s stock had a trading volume of 1,826,190 shares, compared to its average volume of 1,913,981. The stock’s 50-day moving average is $94.14 and its two-hundred day moving average is $92.53. Avantis Emerging Markets Equity ETF has a 52-week low of $73.79 and a 52-week high of $100.83. The stock has a market capitalization of $26.87 billion, a P/E ratio of 12.66 and a beta of 0.75.

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.