Sterneck Capital Management LLC Purchases 4,615 Shares of Avantis Emerging Markets Equity ETF $AVEM

Sterneck Capital Management LLC boosted its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 8.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 57,621 shares of the company’s stock after acquiring an additional 4,615 shares during the period. Avantis Emerging Markets Equity ETF accounts for 2.0% of Sterneck Capital Management LLC’s investment portfolio, making the stock its 17th biggest position. Sterneck Capital Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $3,949,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in Avantis Emerging Markets Equity ETF by 0.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 15,030,769 shares of the company’s stock worth $904,401,000 after acquiring an additional 115,249 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Avantis Emerging Markets Equity ETF by 15.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,391,347 shares of the company’s stock valued at $143,887,000 after purchasing an additional 319,437 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF by 4.6% during the 1st quarter. Cerity Partners LLC now owns 2,295,240 shares of the company’s stock valued at $138,105,000 after purchasing an additional 100,298 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Avantis Emerging Markets Equity ETF by 8.6% during the 1st quarter. American Century Companies Inc. now owns 1,930,233 shares of the company’s stock valued at $116,142,000 after purchasing an additional 152,942 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF by 10.0% during the 1st quarter. LPL Financial LLC now owns 1,471,607 shares of the company’s stock valued at $88,547,000 after purchasing an additional 133,886 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 0.1%

Shares of AVEM opened at $74.17 on Friday. The firm’s 50-day moving average price is $71.88 and its 200-day moving average price is $66.43. The firm has a market capitalization of $12.15 billion, a price-to-earnings ratio of 12.66 and a beta of 0.80. Avantis Emerging Markets Equity ETF has a 1-year low of $52.52 and a 1-year high of $75.91.

Avantis Emerging Markets Equity ETF Company 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.