Truepoint Inc. Acquires 5,571 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Truepoint Inc. lifted its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 394,179 shares of the company’s stock after buying an additional 5,571 shares during the quarter. Avantis Emerging Markets Equity ETF makes up about 0.6% of Truepoint Inc.’s portfolio, making the stock its 22nd biggest position. Truepoint Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $23,174,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the fourth quarter worth $66,000. FMR LLC grew its holdings in shares of Avantis Emerging Markets Equity ETF by 223.6% in the third quarter. FMR LLC now owns 2,016 shares of the company’s stock worth $130,000 after purchasing an additional 1,393 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of Avantis Emerging Markets Equity ETF by 29.4% in the fourth quarter. Private Trust Co. NA now owns 2,265 shares of the company’s stock worth $133,000 after purchasing an additional 515 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Avantis Emerging Markets Equity ETF in the 3rd quarter worth about $144,000. Finally, Kestra Investment Management LLC bought a new stake in Avantis Emerging Markets Equity ETF during the 4th quarter valued at about $159,000.

Avantis Emerging Markets Equity ETF Price Performance

Avantis Emerging Markets Equity ETF stock opened at $61.80 on Friday. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 12.48 and a beta of 0.79. The firm has a 50-day moving average of $60.08 and a two-hundred day moving average of $61.21. Avantis Emerging Markets Equity ETF has a 1 year low of $55.65 and a 1 year high of $66.31.

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.