Stonehearth Capital Management LLC Acquires New Stake in Avantis Emerging Markets Equity ETF $AVEM

Stonehearth Capital Management LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 71,679 shares of the company’s stock, valued at approximately $5,521,000. Avantis Emerging Markets Equity ETF accounts for 2.0% of Stonehearth Capital Management LLC’s portfolio, making the stock its 12th biggest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVEM. Savant Capital LLC boosted its stake in Avantis Emerging Markets Equity ETF by 3.2% during the 3rd quarter. Savant Capital LLC now owns 18,469,078 shares of the company’s stock valued at $1,387,215,000 after purchasing an additional 564,371 shares in the last quarter. Bank of America Corp DE increased its position in shares of Avantis Emerging Markets Equity ETF by 4.9% during the 3rd quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock valued at $1,382,953,000 after purchasing an additional 867,710 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of Avantis Emerging Markets Equity ETF by 3.4% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 9,209,393 shares of the company’s stock worth $691,717,000 after buying an additional 304,731 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 28.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,062,191 shares of the company’s stock valued at $209,883,000 after buying an additional 670,844 shares during the period. Finally, Cerity Partners LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 2.8% in the third quarter. Cerity Partners LLC now owns 2,687,213 shares of the company’s stock valued at $202,061,000 after buying an additional 72,106 shares during the period.

Avantis Emerging Markets Equity ETF Stock Down 3.4%

Shares of AVEM stock opened at $78.73 on Friday. The stock has a 50-day simple moving average of $83.88 and a 200 day simple moving average of $79.12. The stock has a market capitalization of $17.40 billion, a P/E ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a fifty-two week low of $52.52 and a fifty-two week high of $89.75.

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.