Avantis Emerging Markets Equity ETF $AVEM Stake Lifted by CGN Advisors LLC

CGN Advisors LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 7.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 274,549 shares of the company’s stock after acquiring an additional 19,780 shares during the quarter. Avantis Emerging Markets Equity ETF comprises about 1.9% of CGN Advisors LLC’s investment portfolio, making the stock its 11th biggest holding. CGN Advisors LLC owned 0.10% of Avantis Emerging Markets Equity ETF worth $26,491,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC boosted its stake in Avantis Emerging Markets Equity ETF by 13.7% during the 2nd quarter. CoreCap Advisors LLC now owns 60,566 shares of the company’s stock valued at $5,844,000 after purchasing an additional 7,276 shares in the last quarter. Pacific Excel Wealth Advisors Inc. raised its stake in shares of Avantis Emerging Markets Equity ETF by 1,268.6% in the 2nd quarter. Pacific Excel Wealth Advisors Inc. now owns 101,232 shares of the company’s stock worth $9,768,000 after buying an additional 93,835 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Avantis Emerging Markets Equity ETF by 1.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 257,808 shares of the company’s stock worth $24,876,000 after buying an additional 2,974 shares in the last quarter. Adelphi Trust Co lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 22.7% in the second quarter. Adelphi Trust Co now owns 47,088 shares of the company’s stock valued at $4,544,000 after buying an additional 8,727 shares during the period. Finally, WealthPoint Financial LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 13.3% in the first quarter. WealthPoint Financial LLC now owns 24,105 shares of the company’s stock valued at $1,942,000 after buying an additional 2,827 shares during the period.

Avantis Emerging Markets Equity ETF Stock Up 2.6%

Shares of AVEM stock opened at $92.60 on Wednesday. The stock has a 50-day simple moving average of $93.75 and a 200 day simple moving average of $88.76. The stock has a market capitalization of $26.35 billion, a P/E ratio of 12.66 and a beta of 0.74. Avantis Emerging Markets Equity ETF has a fifty-two week low of $69.37 and a fifty-two week 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.