Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Position Boosted by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC increased its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 103.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,930 shares of the company’s stock after purchasing an additional 5,045 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $560,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AVEM. Lam Group Inc. increased its stake in Avantis Emerging Markets Equity ETF by 4.4% in the 4th quarter. Lam Group Inc. now owns 9,640 shares of the company’s stock worth $544,000 after purchasing an additional 405 shares in the last quarter. Grand Wealth Management LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 14.7% in the fourth quarter. Grand Wealth Management LLC now owns 143,070 shares of the company’s stock worth $8,068,000 after acquiring an additional 18,328 shares in the last quarter. Brown Financial Advisory raised its holdings in shares of Avantis Emerging Markets Equity ETF by 257.5% during the fourth quarter. Brown Financial Advisory now owns 51,130 shares of the company’s stock valued at $2,883,000 after acquiring an additional 36,826 shares during the period. Atwood & Palmer Inc. lifted its position in shares of Avantis Emerging Markets Equity ETF by 54.0% in the 3rd quarter. Atwood & Palmer Inc. now owns 483,518 shares of the company’s stock valued at $25,525,000 after acquiring an additional 169,595 shares in the last quarter. Finally, CoreFirst Bank & Trust boosted its stake in Avantis Emerging Markets Equity ETF by 19.5% in the 3rd quarter. CoreFirst Bank & Trust now owns 56,486 shares of the company’s stock worth $2,982,000 after purchasing an additional 9,227 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA AVEM opened at $57.02 on Tuesday. The firm’s 50 day moving average price is $57.54 and its two-hundred day moving average price is $55.44. Avantis Emerging Markets Equity ETF has a twelve month low of $50.65 and a twelve month high of $59.40. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 9.46 and a beta of 0.80.

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.