600,510 Shares in Avantis Emerging Markets Equity ETF $AVEM Bought by Falcon Wealth Planning

Falcon Wealth Planning purchased a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 600,510 shares of the company’s stock, valued at approximately $48,389,000. Avantis Emerging Markets Equity ETF comprises 3.3% of Falcon Wealth Planning’s holdings, making the stock its 11th biggest holding. Falcon Wealth Planning owned approximately 0.24% of Avantis Emerging Markets Equity ETF as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AVEM. Asempa Wealth Advisors bought a new stake in shares of Avantis Emerging Markets Equity ETF in the fourth quarter worth about $939,000. Breakwater Capital Group raised its position in Avantis Emerging Markets Equity ETF by 14.8% during the 4th quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock valued at $4,045,000 after purchasing an additional 6,774 shares during the last quarter. ACT Advisors LLC. lifted its holdings in Avantis Emerging Markets Equity ETF by 3.4% in the 4th quarter. ACT Advisors LLC. now owns 307,508 shares of the company’s stock worth $23,684,000 after buying an additional 10,245 shares during the period. Greenwood Capital Associates LLC lifted its holdings in Avantis Emerging Markets Equity ETF by 24.5% in the 4th quarter. Greenwood Capital Associates LLC now owns 50,241 shares of the company’s stock worth $3,870,000 after buying an additional 9,895 shares during the period. Finally, Armstrong Fleming & Moore Inc grew its position in shares of Avantis Emerging Markets Equity ETF by 16.0% in the 4th quarter. Armstrong Fleming & Moore Inc now owns 233,841 shares of the company’s stock worth $18,010,000 after buying an additional 32,228 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM stock opened at $95.62 on Friday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $68.00 and a fifty-two week high of $100.83. The firm has a market cap of $24.94 billion, a P/E ratio of 12.66 and a beta of 0.73. The business’s 50 day moving average price is $93.73 and its 200-day moving average price is $86.00.

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.