Parkworth Wealth Management Inc. Acquires Shares of 53,189 Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Parkworth Wealth Management Inc. acquired a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 53,189 shares of the company’s stock, valued at approximately $3,127,000. Avantis Emerging Markets Equity ETF comprises 2.6% of Parkworth Wealth Management Inc.’s portfolio, making the stock its 12th largest holding. Parkworth Wealth Management Inc. owned approximately 0.06% of Avantis Emerging Markets Equity ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AVEM. FMR LLC raised its stake in shares of Avantis Emerging Markets Equity ETF by 223.6% during the 3rd quarter. FMR LLC now owns 2,016 shares of the company’s stock worth $130,000 after buying an additional 1,393 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth approximately $144,000. Private Trust Co. NA increased its stake in Avantis Emerging Markets Equity ETF by 29.4% in the 4th quarter. Private Trust Co. NA now owns 2,265 shares of the company’s stock valued at $133,000 after purchasing an additional 515 shares in the last quarter. Kestra Investment Management LLC purchased a new position in Avantis Emerging Markets Equity ETF in the 4th quarter valued at approximately $159,000. Finally, MBE Wealth Management LLC purchased a new position in Avantis Emerging Markets Equity ETF in the 4th quarter valued at approximately $204,000.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA AVEM opened at $60.09 on Wednesday. Avantis Emerging Markets Equity ETF has a 1-year low of $55.65 and a 1-year high of $66.31. The company has a market capitalization of $7.53 billion, a P/E ratio of 11.90 and a beta of 0.78. The business has a 50 day moving average price of $59.71 and a 200 day moving average price of $61.21.

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.