REDW Wealth LLC Increases Holdings in Avantis Emerging Markets Equity ETF $AVEM

REDW Wealth LLC increased its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 26.6% during the 3rd quarter, Holdings Channel reports. The firm owned 60,144 shares of the company’s stock after acquiring an additional 12,639 shares during the quarter. Avantis Emerging Markets Equity ETF comprises approximately 1.7% of REDW Wealth LLC’s investment portfolio, making the stock its 15th largest holding. REDW Wealth LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $4,517,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Avantax Planning Partners Inc. lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 92.9% in the 3rd quarter. Avantax Planning Partners Inc. now owns 1,050,626 shares of the company’s stock worth $78,913,000 after buying an additional 505,850 shares during the period. Sovran Advisors LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 19.3% during the third quarter. Sovran Advisors LLC now owns 12,499 shares of the company’s stock valued at $970,000 after buying an additional 2,018 shares during the period. Vantagepoint Investment Advisers LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter valued at about $170,265,000. Grand Wealth Management LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 0.5% in the third quarter. Grand Wealth Management LLC now owns 154,629 shares of the company’s stock valued at $11,614,000 after acquiring an additional 694 shares in the last quarter. Finally, BAM Wealth Management LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the third quarter worth about $879,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of Avantis Emerging Markets Equity ETF stock opened at $82.86 on Monday. The stock has a market cap of $18.04 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. The firm’s 50-day moving average is $77.81 and its two-hundred day moving average is $75.01. Avantis Emerging Markets Equity ETF has a 1 year low of $52.52 and a 1 year high of $82.95.

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.