Wealthgarden F.S. LLC Invests $1.92 Million in Avantis Emerging Markets Equity ETF $AVEM

Wealthgarden F.S. LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 24,871 shares of the company’s stock, valued at approximately $1,915,000. Avantis Emerging Markets Equity ETF makes up about 1.4% of Wealthgarden F.S. LLC’s holdings, making the stock its 20th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its holdings 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 valued at $25,000 after acquiring an additional 355 shares during the last quarter. American Capital Advisory LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter valued at $30,000. Tripletail Wealth Management LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the third quarter worth about $49,000. Spire Wealth Management increased its stake in Avantis Emerging Markets Equity ETF by 324.9% in the 3rd quarter. Spire Wealth Management now owns 752 shares of the company’s stock valued at $56,000 after buying an additional 575 shares during the period. Finally, Mather Group LLC. acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter valued at approximately $57,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:AVEM opened at $83.16 on Friday. The business’s 50 day simple moving average is $78.67 and its 200-day simple moving average is $75.46. The firm has a market capitalization of $18.32 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a 12 month low of $52.52 and a 12 month high of $85.65.

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.