Avantis Emerging Markets Equity ETF $AVEM is Sunburst Financial Group LLC’s 7th Largest Position

Sunburst Financial Group LLC lifted its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 17.2% during the second quarter, Holdings Channel reports. The institutional investor owned 265,413 shares of the company’s stock after purchasing an additional 38,916 shares during the period. Avantis Emerging Markets Equity ETF makes up approximately 4.1% of Sunburst Financial Group LLC’s investment portfolio, making the stock its 7th biggest position. Sunburst Financial Group LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $25,610,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 13.2% in the 1st quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock worth $1,336,000 after buying an additional 2,596 shares during the period. M&T Bank Corp bought a new stake in Avantis Emerging Markets Equity ETF during the second quarter valued at about $287,000. Diversify Advisory Services LLC bought a new stake in Avantis Emerging Markets Equity ETF during the second quarter valued at about $478,000. Diversify Wealth Management LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 20.3% in the second quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock valued at $946,000 after acquiring an additional 2,244 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its position in shares of Avantis Emerging Markets Equity ETF by 74.1% in the second quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock valued at $1,010,000 after acquiring an additional 6,271 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 0.7%

NYSEARCA AVEM opened at $92.27 on Friday. The firm has a market cap of $26.26 billion, a price-to-earnings ratio of 12.66 and a beta of 0.74. The business has a 50-day moving average price of $93.46 and a 200-day moving average price of $88.93. Avantis Emerging Markets Equity ETF has a twelve month low of $70.27 and a twelve month high of $100.83.

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.