Riverpoint Wealth Management Holdings LLC Buys Shares of 34,219 Avantis Emerging Markets Equity ETF $AVEM

Riverpoint Wealth Management Holdings LLC bought a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 34,219 shares of the company’s stock, valued at approximately $2,757,000. Avantis Emerging Markets Equity ETF makes up approximately 0.6% of Riverpoint Wealth Management Holdings LLC’s investment portfolio, making the stock its 17th biggest holding.

Several other hedge funds also recently modified their holdings of AVEM. HBW Advisory Services LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF during the 1st quarter worth about $505,000. Uptick Partners LLC bought a new position in Avantis Emerging Markets Equity ETF in the first quarter worth $516,000. Navigoe LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 4.9% during the 1st quarter. Navigoe LLC now owns 33,819 shares of the company’s stock valued at $2,725,000 after acquiring an additional 1,587 shares in the last quarter. ARQ Wealth Advisors LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 0.5% during the first quarter. ARQ Wealth Advisors LLC now owns 55,391 shares of the company’s stock valued at $4,463,000 after purchasing an additional 294 shares in the last quarter. Finally, Diversify Wealth Management LLC boosted its stake in Avantis Emerging Markets Equity ETF by 88.4% in the 1st quarter. Diversify Wealth Management LLC now owns 48,397 shares of the company’s stock valued at $4,287,000 after buying an additional 22,706 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Down 3.3%

NYSEARCA:AVEM opened at $91.00 on Tuesday. The firm has a market cap of $25.03 billion, a PE ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 12 month low of $68.27 and a 12 month high of $100.83. The company’s 50-day moving average price is $94.86 and its two-hundred day moving average price is $87.47.

About Avantis Emerging Markets Equity ETF

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.