Midwest Trust Co Invests $47.68 Million in Avantis Emerging Markets Equity ETF $AVEM

Midwest Trust Co purchased a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 2nd quarter, Holdings Channel reports. The fund purchased 695,622 shares of the company’s stock, valued at approximately $47,678,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its stake in Avantis Emerging Markets Equity ETF by 2,366.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock worth $25,000 after acquiring an additional 355 shares in the last quarter. AdvisorNet Financial Inc raised its stake in shares of Avantis Emerging Markets Equity ETF by 213.4% during the second quarter. AdvisorNet Financial Inc now owns 492 shares of the company’s stock valued at $34,000 after acquiring an additional 335 shares in the last quarter. South Plains Financial Inc. bought a new stake in shares of Avantis Emerging Markets Equity ETF during the first quarter valued at approximately $41,000. Clarity Asset Management Inc. boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 31.5% in the first quarter. Clarity Asset Management Inc. now owns 752 shares of the company’s stock valued at $45,000 after purchasing an additional 180 shares during the period. Finally, Hollencrest Capital Management bought a new position in Avantis Emerging Markets Equity ETF in the first quarter worth approximately $59,000.

Avantis Emerging Markets Equity ETF Stock Down 0.2%

AVEM opened at $76.58 on Friday. The stock’s fifty day moving average is $75.32 and its two-hundred day moving average is $70.12. The company has a market capitalization of $14.21 billion, a P/E ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a 52 week low of $52.52 and a 52 week high of $78.76.

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.