Indivisible Partners Makes New Investment in Avantis Emerging Markets Equity ETF $AVEM

Indivisible Partners bought a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 143,809 shares of the company’s stock, valued at approximately $11,076,000. Avantis Emerging Markets Equity ETF accounts for about 1.2% of Indivisible Partners’ investment portfolio, making the stock its 13th largest position. Indivisible Partners owned 0.07% of Avantis Emerging Markets Equity ETF at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. American Capital Advisory LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter valued at about $30,000. Team Financial Group LLC boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 184.2% in the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after buying an additional 361 shares in the last quarter. Spire Wealth Management boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 324.9% in the 3rd quarter. Spire Wealth Management now owns 752 shares of the company’s stock valued at $56,000 after buying an additional 575 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter valued at about $57,000. Finally, CX Institutional bought a new stake in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter valued at about $61,000.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA:AVEM opened at $92.23 on Wednesday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $61.57 and a fifty-two week high of $92.56. The stock has a market capitalization of $24.05 billion, a P/E ratio of 12.66 and a beta of 0.72. The company’s 50-day simple moving average is $84.73 and its 200-day simple moving average is $81.19.

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.