Avestar Capital LLC Buys 29,567 Shares of Avantis Emerging Markets Equity ETF $AVEM

Avestar Capital LLC purchased a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 29,567 shares of the company’s stock, valued at approximately $2,780,000.

A number of other hedge funds have also recently added to or reduced their stakes in AVEM. Modera Wealth Management LLC acquired a new position in Avantis Emerging Markets Equity ETF in the 3rd quarter worth about $16,223,000. Petros Family Wealth LLC raised its holdings in Avantis Emerging Markets Equity ETF by 21.9% in the 3rd quarter. Petros Family Wealth LLC now owns 34,210 shares of the company’s stock valued at $3,216,000 after buying an additional 6,150 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Avantis Emerging Markets Equity ETF by 129.7% in the 3rd quarter. International Assets Investment Management LLC now owns 10,000 shares of the company’s stock valued at $940,000 after buying an additional 5,646 shares during the last quarter. Prosperitas Financial LLC raised its holdings in Avantis Emerging Markets Equity ETF by 19.9% in the 3rd quarter. Prosperitas Financial LLC now owns 6,415 shares of the company’s stock valued at $603,000 after buying an additional 1,065 shares during the last quarter. Finally, Glenview Trust Co boosted its position in Avantis Emerging Markets Equity ETF by 1.4% during the 3rd quarter. Glenview Trust Co now owns 72,650 shares of the company’s stock worth $6,831,000 after buying an additional 994 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA:AVEM opened at $86.02 on Friday. Avantis Emerging Markets Equity ETF has a one year low of $73.79 and a one year high of $100.83. The company has a market cap of $26.49 billion, a PE ratio of 12.66 and a beta of 0.75. The firm’s 50 day simple moving average is $93.09 and its 200 day simple moving average is $90.00.

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.