Stephens Inc. AR Takes $6.60 Million Position in Avantis Emerging Markets Equity ETF $AVEM

Stephens Inc. AR acquired a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 81,914 shares of the company’s stock, valued at approximately $6,601,000.

A number of other hedge funds also recently bought and sold shares of AVEM. Rothschild Investment LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 192.7% in the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after purchasing an additional 289 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in Avantis Emerging Markets Equity ETF during the 4th quarter valued at approximately $36,000. Team Financial Group LLC boosted its stake in Avantis Emerging Markets Equity ETF by 184.2% during the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after purchasing an additional 361 shares during the period. Hantz Financial Services Inc. increased its position in Avantis Emerging Markets Equity ETF by 49.5% during the fourth quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock worth $43,000 after acquiring an additional 183 shares during the period. Finally, Motiv8 Investments LLC bought a new position in shares of Avantis Emerging Markets Equity ETF during the 4th quarter worth about $47,000.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA AVEM opened at $92.59 on Wednesday. Avantis Emerging Markets Equity ETF has a twelve month low of $68.27 and a twelve month high of $100.83. The stock has a market cap of $25.41 billion, a PE ratio of 12.66 and a beta of 0.73. The firm has a 50-day simple moving average of $94.56 and a 200 day simple moving average of $86.99.

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.