Madison Asset Management LLC Makes New $2.88 Million Investment in Avantis Emerging Markets Equity ETF $AVEM

Madison Asset Management LLC purchased a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 35,777 shares of the company’s stock, valued at approximately $2,883,000.

Several other large investors have also recently modified their holdings of the business. Greenwood Capital Associates LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 24.5% during the fourth quarter. Greenwood Capital Associates LLC now owns 50,241 shares of the company’s stock worth $3,870,000 after acquiring an additional 9,895 shares during the last quarter. ACT Advisors LLC. lifted its stake in shares of Avantis Emerging Markets Equity ETF by 3.4% in the fourth quarter. ACT Advisors LLC. now owns 307,508 shares of the company’s stock worth $23,684,000 after acquiring an additional 10,245 shares during the period. CoreCap Advisors LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 38.8% in the fourth quarter. CoreCap Advisors LLC now owns 50,065 shares of the company’s stock valued at $3,856,000 after acquiring an additional 13,998 shares during the last quarter. Echo Wealth Management LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 31.1% in the fourth quarter. Echo Wealth Management LLC now owns 102,188 shares of the company’s stock valued at $7,871,000 after acquiring an additional 24,256 shares during the last quarter. Finally, Armstrong Fleming & Moore Inc boosted its holdings in Avantis Emerging Markets Equity ETF by 16.0% in the fourth quarter. Armstrong Fleming & Moore Inc now owns 233,841 shares of the company’s stock valued at $18,010,000 after acquiring an additional 32,228 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA:AVEM opened at $91.70 on Wednesday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $68.27 and a fifty-two week high of $100.83. The company has a 50 day simple moving average of $94.45 and a two-hundred day simple moving average of $88.06. The company has a market capitalization of $25.54 billion, a PE ratio of 12.66 and a beta of 0.73.

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.