Wealthgarden F.S. LLC Grows Stake in Avantis Emerging Markets Equity ETF $AVEM

Wealthgarden F.S. LLC increased its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 40.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,881 shares of the company’s stock after acquiring an additional 10,010 shares during the period. Avantis Emerging Markets Equity ETF makes up approximately 1.9% of Wealthgarden F.S. LLC’s investment portfolio, making the stock its 12th biggest position. Wealthgarden F.S. LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $2,899,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rothschild Investment LLC grew its position in Avantis Emerging Markets Equity ETF by 192.7% in the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after acquiring an additional 289 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in Avantis Emerging Markets Equity ETF in the fourth quarter worth about $36,000. Hantz Financial Services Inc. grew its position in Avantis Emerging Markets Equity ETF by 49.5% in the fourth quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock worth $43,000 after acquiring an additional 183 shares in the last quarter. Team Financial Group LLC grew its position in Avantis Emerging Markets Equity ETF by 184.2% in the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock worth $43,000 after acquiring an additional 361 shares in the last quarter. Finally, Evolution Wealth Management Inc. grew its position in Avantis Emerging Markets Equity ETF by 209.7% in the fourth quarter. Evolution Wealth Management Inc. now owns 703 shares of the company’s stock worth $54,000 after acquiring an additional 476 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 6.4%

AVEM opened at $91.23 on Friday. The firm has a market cap of $23.79 billion, a P/E ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 12 month low of $66.19 and a 12 month high of $99.67. The stock has a 50-day moving average of $89.90 and a 200 day moving average of $83.99.

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.