Avantis Emerging Markets Equity ETF $AVEM Position Boosted by VeraBank N.A.

VeraBank N.A. grew its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 8.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 259,090 shares of the company’s stock after purchasing an additional 19,850 shares during the period. Avantis Emerging Markets Equity ETF comprises 3.6% of VeraBank N.A.’s portfolio, making the stock its 8th largest holding. VeraBank N.A. owned about 0.14% of Avantis Emerging Markets Equity ETF worth $19,460,000 as of its most recent SEC filing.

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

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM stock opened at $86.48 on Thursday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $52.52 and a fifty-two week high of $87.56. The stock’s 50-day moving average is $80.86 and its two-hundred day moving average is $76.88. The firm has a market cap of $19.11 billion, a P/E ratio of 12.66 and a beta of 0.68.

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.