Gateway Wealth Partners LLC grew its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 129.2% during the first quarter, HoldingsChannel.com reports. The firm owned 160,483 shares of the company’s stock after acquiring an additional 90,458 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $12,932,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Vawter Financial Ltd. purchased a new position in Avantis Emerging Markets Equity ETF in the 1st quarter worth about $412,000. Waverly Advisors LLC boosted its position in Avantis Emerging Markets Equity ETF by 26.6% in the 1st quarter. Waverly Advisors LLC now owns 198,930 shares of the company’s stock valued at $16,030,000 after buying an additional 41,791 shares during the period. Wealth Alliance LLC grew its stake in Avantis Emerging Markets Equity ETF by 105.3% in the 1st quarter. Wealth Alliance LLC now owns 48,781 shares of the company’s stock worth $3,931,000 after acquiring an additional 25,017 shares in the last quarter. Renaissance Technologies LLC grew its stake in Avantis Emerging Markets Equity ETF by 982.6% in the 1st quarter. Renaissance Technologies LLC now owns 74,700 shares of the company’s stock worth $6,019,000 after acquiring an additional 67,800 shares in the last quarter. Finally, Hilltop Holdings Inc. purchased a new position in shares of Avantis Emerging Markets Equity ETF during the first quarter worth approximately $719,000.
Avantis Emerging Markets Equity ETF Stock Performance
Avantis Emerging Markets Equity ETF stock opened at $89.29 on Monday. The company has a market capitalization of $25.18 billion, a PE ratio of 12.66 and a beta of 0.73. The company has a 50 day moving average price of $94.26 and a 200-day moving average price of $88.31. Avantis Emerging Markets Equity ETF has a fifty-two week low of $68.27 and a fifty-two week high of $100.83.
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.
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