Avantis Emerging Markets Equity ETF $AVEM Shares Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 17.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,439 shares of the company’s stock after buying an additional 33,234 shares during the quarter. Foundations Investment Advisors LLC owned 0.12% of Avantis Emerging Markets Equity ETF worth $16,557,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hantz Financial Services Inc. raised its position in Avantis Emerging Markets Equity ETF by 2,366.7% in the second quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock valued at $25,000 after purchasing an additional 355 shares during the period. American Capital Advisory LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter valued at $30,000. Tripletail Wealth Management LLC acquired a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter worth about $49,000. Spire Wealth Management boosted its holdings in Avantis Emerging Markets Equity ETF by 324.9% during the 3rd quarter. Spire Wealth Management now owns 752 shares of the company’s stock valued at $56,000 after acquiring an additional 575 shares during the period. Finally, Mather Group LLC. acquired a new position in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at about $57,000.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM opened at $85.21 on Thursday. The company’s 50-day simple moving average is $78.30 and its 200-day simple moving average is $75.29. Avantis Emerging Markets Equity ETF has a 1 year low of $52.52 and a 1 year high of $85.37. The stock has a market capitalization of $18.65 billion, a PE ratio of 12.66 and a beta of 0.68.

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.