Avantis Emerging Markets Equity ETF $AVEM Position Lifted by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC raised its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 8.9% in the third quarter, Holdings Channel.com reports. The fund owned 223,351 shares of the company’s stock after buying an additional 18,223 shares during the quarter. Avantis Emerging Markets Equity ETF comprises approximately 1.0% of WealthPlan Investment Management LLC’s holdings, making the stock its 28th largest position. WealthPlan Investment Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $20,999,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baird Financial Group Inc. lifted its position in Avantis Emerging Markets Equity ETF by 135.1% during the second quarter. Baird Financial Group Inc. now owns 146,030 shares of the company’s stock valued at $14,090,000 after buying an additional 83,919 shares in the last quarter. Telos Capital Management Inc. grew its stake in Avantis Emerging Markets Equity ETF by 8.9% during the first quarter. Telos Capital Management Inc. now owns 80,940 shares of the company’s stock worth $6,522,000 after buying an additional 6,605 shares during the period. Independence Bank of Kentucky increased its position in shares of Avantis Emerging Markets Equity ETF by 39.3% in the second quarter. Independence Bank of Kentucky now owns 81,226 shares of the company’s stock worth $7,837,000 after acquiring an additional 22,913 shares in the last quarter. Cornerstone Wealth Group LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the first quarter worth $9,334,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of Avantis Emerging Markets Equity ETF by 119.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 254,911 shares of the company’s stock worth $19,633,000 after acquiring an additional 138,694 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Down 1.1%

Shares of AVEM stock traded down $1.03 during mid-day trading on Thursday, reaching $89.99. The company’s stock had a trading volume of 1,142,650 shares, compared to its average volume of 1,908,209. The company’s 50 day simple moving average is $94.23 and its 200-day simple moving average is $92.47. Avantis Emerging Markets Equity ETF has a 12-month low of $73.79 and a 12-month high of $100.83. The firm has a market capitalization of $27.21 billion, a PE ratio of 12.66 and a beta of 0.75.

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.