Heritage Family Offices LLP Buys New Holdings in Avantis Emerging Markets Equity ETF $AVEM

Heritage Family Offices LLP purchased a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the fourth quarter, HoldingsChannel reports. The fund purchased 10,815 shares of the company’s stock, valued at approximately $833,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AVEM. CFS Investment Advisory Services LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth approximately $3,713,000. Asempa Wealth Advisors purchased a new stake in Avantis Emerging Markets Equity ETF during the fourth quarter valued at $939,000. Centennial Wealth Advisory LLC lifted its position in Avantis Emerging Markets Equity ETF by 48.4% during the third quarter. Centennial Wealth Advisory LLC now owns 26,705 shares of the company’s stock valued at $2,006,000 after purchasing an additional 8,707 shares during the last quarter. Breakwater Capital Group grew its stake in shares of Avantis Emerging Markets Equity ETF by 14.8% in the 4th quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock worth $4,045,000 after buying an additional 6,774 shares in the last quarter. Finally, White Pine Investment CO bought a new stake in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter worth about $2,799,000.

Avantis Emerging Markets Equity ETF Trading Down 1.4%

Shares of NYSEARCA AVEM opened at $80.28 on Wednesday. Avantis Emerging Markets Equity ETF has a 12-month low of $52.52 and a 12-month high of $89.75. The firm’s 50-day moving average price is $83.93 and its 200-day moving average price is $79.11. The stock has a market capitalization of $17.74 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68.

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.