Activest Wealth Management Buys 97,653 Shares of Avantis Emerging Markets Equity ETF $AVEM

Activest Wealth Management increased its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 683.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 111,947 shares of the company’s stock after buying an additional 97,653 shares during the period. Avantis Emerging Markets Equity ETF comprises about 1.7% of Activest Wealth Management’s holdings, making the stock its 12th biggest position. Activest Wealth Management owned about 0.06% of Avantis Emerging Markets Equity ETF worth $8,408,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVEM. Fortress Financial Solutions LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 2.6% in the 3rd quarter. Fortress Financial Solutions LLC now owns 5,145 shares of the company’s stock worth $386,000 after purchasing an additional 131 shares during the period. Austin Asset Management Co Inc grew its holdings in Avantis Emerging Markets Equity ETF by 3.1% during the second quarter. Austin Asset Management Co Inc now owns 6,686 shares of the company’s stock valued at $458,000 after purchasing an additional 199 shares during the period. L.K. Benson & Company P.C. increased its position in Avantis Emerging Markets Equity ETF by 1.0% in the second quarter. L.K. Benson & Company P.C. now owns 21,564 shares of the company’s stock worth $1,478,000 after buying an additional 207 shares during the last quarter. Freedom Investment Management Inc. raised its stake in shares of Avantis Emerging Markets Equity ETF by 2.9% in the second quarter. Freedom Investment Management Inc. now owns 7,595 shares of the company’s stock valued at $521,000 after buying an additional 216 shares during the period. Finally, Hardin Capital Partners LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 2.1% during the 3rd quarter. Hardin Capital Partners LLC now owns 13,578 shares of the company’s stock valued at $1,020,000 after buying an additional 275 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

AVEM stock opened at $85.21 on Thursday. The stock has a fifty day moving average of $78.30 and a 200-day moving average of $75.29. Avantis Emerging Markets Equity ETF has a fifty-two week low of $52.52 and a fifty-two week high of $85.37. The company has a market capitalization of $18.65 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68.

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.