Alpha Financial Advisors LLC Invests $18.30 Million in Avantis Emerging Markets Equity ETF $AVEM

Alpha Financial Advisors LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 237,635 shares of the company’s stock, valued at approximately $18,303,000. Avantis Emerging Markets Equity ETF makes up approximately 5.6% of Alpha Financial Advisors LLC’s portfolio, making the stock its 7th biggest holding. Alpha Financial Advisors LLC owned about 0.11% of Avantis Emerging Markets Equity ETF as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Savant Capital LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 3.2% in the third quarter. Savant Capital LLC now owns 18,469,078 shares of the company’s stock worth $1,387,215,000 after buying an additional 564,371 shares during the last quarter. Bank of America Corp DE lifted its position in Avantis Emerging Markets Equity ETF by 4.9% during the 3rd quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock worth $1,382,953,000 after acquiring an additional 867,710 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in Avantis Emerging Markets Equity ETF by 3.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 9,209,393 shares of the company’s stock worth $691,717,000 after acquiring an additional 304,731 shares during the period. Cerity Partners LLC grew its stake in Avantis Emerging Markets Equity ETF by 2.8% during the 3rd quarter. Cerity Partners LLC now owns 2,687,213 shares of the company’s stock valued at $202,061,000 after purchasing an additional 72,106 shares during the last quarter. Finally, Vantagepoint Investment Advisers LLC purchased a new stake in Avantis Emerging Markets Equity ETF during the 3rd quarter valued at about $170,265,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:AVEM opened at $80.67 on Friday. Avantis Emerging Markets Equity ETF has a 52-week low of $52.52 and a 52-week high of $89.75. The stock has a market cap of $20.22 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. The business has a 50-day moving average price of $83.67 and a 200-day moving average price of $79.40.

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.