Avantis Emerging Markets Equity ETF $AVEM Stock: REAP Financial Group LLC Increases Holdings

REAP Financial Group LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 6.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 262,308 shares of the company’s stock after purchasing an additional 14,746 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for about 4.0% of REAP Financial Group LLC’s portfolio, making the stock its 5th largest position. REAP Financial Group LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $24,662,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AVEM. Telos Capital Management Inc. acquired a new position in Avantis Emerging Markets Equity ETF in the 3rd quarter worth about $6,347,000. Avant Financial Advisors LLC raised its position in Avantis Emerging Markets Equity ETF by 2.9% in the third quarter. Avant Financial Advisors LLC now owns 94,070 shares of the company’s stock valued at $8,844,000 after purchasing an additional 2,644 shares during the last quarter. StrongBox Wealth LLC raised its position in Avantis Emerging Markets Equity ETF by 768.3% in the third quarter. StrongBox Wealth LLC now owns 81,034 shares of the company’s stock valued at $7,619,000 after purchasing an additional 71,701 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in Avantis Emerging Markets Equity ETF in the third quarter valued at about $84,022,000. Finally, Chicago Partners Investment Group LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the third quarter valued at about $5,413,000.

Avantis Emerging Markets Equity ETF Trading Down 5.5%

Shares of AVEM stock opened at $81.87 on Friday. The firm has a market capitalization of $25.50 billion, a price-to-earnings ratio of 12.66 and a beta of 0.79. The business’s 50-day moving average price is $92.37 and its 200-day moving average price is $90.08. Avantis Emerging Markets Equity ETF has a 12 month low of $73.79 and a 12 month high of $100.83.

Avantis Emerging Markets Equity ETF Company 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.