Waterfront Wealth Inc. Acquires 12,052 Shares of Avantis Emerging Markets Equity ETF $AVEM

Waterfront Wealth Inc. grew its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 20.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,084 shares of the company’s stock after purchasing an additional 12,052 shares during the quarter. Avantis Emerging Markets Equity ETF makes up 1.1% of Waterfront Wealth Inc.’s investment portfolio, making the stock its 20th largest holding. Waterfront Wealth Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $5,728,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 192.7% in the 4th quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after buying an additional 289 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Avantis Emerging Markets Equity ETF during the fourth quarter worth about $36,000. Team Financial Group LLC increased its holdings in Avantis Emerging Markets Equity ETF by 184.2% during the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock worth $43,000 after buying an additional 361 shares during the last quarter. Hantz Financial Services Inc. raised 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 during the period. Finally, Motiv8 Investments LLC bought a new stake in Avantis Emerging Markets Equity ETF in the fourth quarter worth about $47,000.

Avantis Emerging Markets Equity ETF Stock Up 0.8%

AVEM opened at $93.97 on Friday. Avantis Emerging Markets Equity ETF has a twelve month low of $68.27 and a twelve month high of $100.83. The company’s 50-day moving average price is $94.74 and its two-hundred day moving average price is $87.25. The stock has a market cap of $25.79 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73.

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.