Targeted Financial Services LLC Purchases New Shares in Avantis Emerging Markets Equity ETF $AVEM

Targeted Financial Services LLC purchased a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the fourth quarter, Holdings Channel reports. The firm purchased 9,360 shares of the company’s stock, valued at approximately $721,000. Avantis Emerging Markets Equity ETF accounts for 0.6% of Targeted Financial Services LLC’s portfolio, making the stock its 22nd largest position.

Several other large investors have also made changes to their positions in AVEM. AQR Capital Management LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 13.2% during the first quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock worth $1,336,000 after buying an additional 2,596 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the second quarter valued at about $287,000. Diversify Advisory Services LLC acquired a new stake in Avantis Emerging Markets Equity ETF during the 2nd quarter valued at approximately $478,000. Diversify Wealth Management LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 20.3% during the second quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock worth $946,000 after buying an additional 2,244 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in Avantis Emerging Markets Equity ETF by 74.1% during the 2nd quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock worth $1,010,000 after acquiring an additional 6,271 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

AVEM stock opened at $99.71 on Friday. The firm has a market cap of $26.00 billion, a PE ratio of 12.66 and a beta of 0.73. The stock has a 50-day moving average price of $92.95 and a 200-day moving average price of $85.39. Avantis Emerging Markets Equity ETF has a 1-year low of $66.19 and a 1-year high of $100.00.

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.