Northwestern Mutual Wealth Management Co. Has $279.46 Million Holdings in Avantis Emerging Markets Equity ETF $AVEM

Northwestern Mutual Wealth Management Co. lifted its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 29.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,628,408 shares of the company’s stock after buying an additional 827,325 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Avantis Emerging Markets Equity ETF were worth $279,460,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. IFP Advisors Inc raised its holdings in shares of Avantis Emerging Markets Equity ETF by 0.4% in the 4th quarter. IFP Advisors Inc now owns 28,429 shares of the company’s stock worth $2,190,000 after buying an additional 120 shares in the last quarter. Investmark Advisory Group LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 1.8% in the 4th quarter. Investmark Advisory Group LLC now owns 6,712 shares of the company’s stock worth $517,000 after buying an additional 121 shares in the last quarter. Dynamic Advisor Solutions LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 0.3% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 43,758 shares of the company’s stock worth $3,370,000 after buying an additional 130 shares in the last quarter. Hardin Capital Partners LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 1.0% in the 4th quarter. Hardin Capital Partners LLC now owns 13,713 shares of the company’s stock worth $1,056,000 after buying an additional 135 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its holdings in shares of Avantis Emerging Markets Equity ETF by 2.2% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 6,516 shares of the company’s stock worth $489,000 after buying an additional 139 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 0.5%

Shares of Avantis Emerging Markets Equity ETF stock opened at $96.98 on Friday. The stock has a market capitalization of $25.29 billion, a P/E ratio of 12.66 and a beta of 0.72. The company has a 50-day simple moving average of $87.96 and a 200 day simple moving average of $83.22. Avantis Emerging Markets Equity ETF has a 12-month low of $63.91 and a 12-month high of $97.29.

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.