Cornerstone Wealth Partners LLC Takes $5.96 Million Position in Avantis Emerging Markets Value ETF $AVES

Cornerstone Wealth Partners LLC acquired a new stake in Avantis Emerging Markets Value ETF (NYSEARCA:AVES) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 102,213 shares of the company’s stock, valued at approximately $5,960,000. Avantis Emerging Markets Value ETF makes up 4.1% of Cornerstone Wealth Partners LLC’s portfolio, making the stock its 7th largest position.

Several other large investors have also made changes to their positions in AVES. Comerica Bank purchased a new position in shares of Avantis Emerging Markets Value ETF in the fourth quarter valued at about $41,000. Royal Bank of Canada purchased a new stake in shares of Avantis Emerging Markets Value ETF in the fourth quarter worth about $136,000. US Bancorp DE purchased a new stake in shares of Avantis Emerging Markets Value ETF in the third quarter worth about $153,000. Private Trust Co. NA boosted its stake in Avantis Emerging Markets Value ETF by 50.9% during the fourth quarter. Private Trust Co. NA now owns 2,934 shares of the company’s stock valued at $171,000 after buying an additional 990 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in Avantis Emerging Markets Value ETF by 34.7% during the 4th quarter. Bank of Montreal Can now owns 2,962 shares of the company’s stock valued at $173,000 after buying an additional 763 shares in the last quarter.

Avantis Emerging Markets Value ETF Price Performance

NYSEARCA:AVES opened at $68.16 on Wednesday. Avantis Emerging Markets Value ETF has a 1 year low of $52.08 and a 1 year high of $69.06. The stock’s 50 day simple moving average is $65.68 and its two-hundred day simple moving average is $62.60. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 10.65 and a beta of 0.69.

Avantis Emerging Markets Value ETF Profile

The Avantis Emerging Markets Value ETF (AVES) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of emerging market equities with lower prices relative to their book values. AVES was launched on Sep 28, 2021 and is managed by American Century Investments.