Modern Wealth Management LLC Purchases 227,657 Shares of Avantis Emerging Markets Equity ETF $AVEM

Modern Wealth Management LLC increased its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 25.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,111,049 shares of the company’s stock after buying an additional 227,657 shares during the period. Avantis Emerging Markets Equity ETF accounts for approximately 1.5% of Modern Wealth Management LLC’s investment portfolio, making the stock its 11th biggest position. Modern Wealth Management LLC owned approximately 0.43% of Avantis Emerging Markets Equity ETF worth $90,306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its position in shares of Avantis Emerging Markets Equity ETF by 0.4% in the 4th quarter. IFP Advisors Inc now owns 28,429 shares of the company’s stock valued at $2,190,000 after acquiring an additional 120 shares during the period. Investmark Advisory Group LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 1.8% in the 4th quarter. Investmark Advisory Group LLC now owns 6,712 shares of the company’s stock valued at $517,000 after purchasing an additional 121 shares during the period. BLVD Private Wealth LLC lifted its stake in Avantis Emerging Markets Equity ETF by 0.6% in the 4th quarter. BLVD Private Wealth LLC now owns 22,285 shares of the company’s stock valued at $1,716,000 after purchasing an additional 140 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Avantis Emerging Markets Equity ETF by 11.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,356 shares of the company’s stock valued at $104,000 after purchasing an additional 140 shares during the last quarter. Finally, Pathstone Holdings LLC grew its holdings in Avantis Emerging Markets Equity ETF by 0.7% during the third quarter. Pathstone Holdings LLC now owns 22,116 shares of the company’s stock worth $1,661,000 after purchasing an additional 144 shares during the period.

Avantis Emerging Markets Equity ETF Stock Down 0.7%

Shares of NYSEARCA AVEM opened at $90.96 on Friday. The business’s 50 day moving average price is $94.31 and its two-hundred day moving average price is $88.24. The company has a market cap of $25.55 billion, a PE ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a twelve month low of $68.27 and a twelve month high of $100.83.

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.