19,351 Shares of Avantis Emerging Markets Equity ETF $AVEM Purchased by StoneX Group Inc.

StoneX Group Inc. purchased a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the third quarter, HoldingsChannel.com reports. The firm purchased 19,351 shares of the company’s stock, valued at approximately $1,815,000.

Several other institutional investors have also recently made changes to their positions in AVEM. Baird Financial Group Inc. raised its stake in Avantis Emerging Markets Equity ETF by 135.1% during the 2nd quarter. Baird Financial Group Inc. now owns 146,030 shares of the company’s stock worth $14,090,000 after acquiring an additional 83,919 shares during the period. Independence Bank of Kentucky boosted its position in shares of Avantis Emerging Markets Equity ETF by 39.3% in the second quarter. Independence Bank of Kentucky now owns 81,226 shares of the company’s stock worth $7,837,000 after purchasing an additional 22,913 shares during the period. Cahill Financial Advisors Inc. boosted its position in shares of Avantis Emerging Markets Equity ETF by 4.3% in the second quarter. Cahill Financial Advisors Inc. now owns 157,737 shares of the company’s stock worth $15,220,000 after purchasing an additional 6,475 shares during the period. Evanson Financial LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the second quarter worth approximately $940,000. Finally, HB Wealth Management LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 4.5% in the second quarter. HB Wealth Management LLC now owns 1,108,268 shares of the company’s stock worth $106,937,000 after purchasing an additional 47,729 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM stock opened at $83.28 on Monday. The company has a market capitalization of $26.00 billion, a price-to-earnings ratio of 12.66 and a beta of 0.79. Avantis Emerging Markets Equity ETF has a one year low of $73.79 and a one year high of $100.83. The company’s fifty day moving average price is $92.13 and its 200-day moving average price is $90.09.

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.