Assetmark Inc. Grows Holdings in Avantis Emerging Markets Equity ETF $AVEM

Assetmark Inc. raised its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 35.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,523 shares of the company’s stock after purchasing an additional 37,199 shares during the period. Assetmark Inc. owned about 0.07% of Avantis Emerging Markets Equity ETF worth $10,977,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. American Capital Advisory LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth about $30,000. Team Financial Group LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 184.2% during the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock worth $43,000 after acquiring an additional 361 shares during the period. Tripletail Wealth Management LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth about $49,000. Spire Wealth Management lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 324.9% during the 3rd quarter. Spire Wealth Management now owns 752 shares of the company’s stock worth $56,000 after acquiring an additional 575 shares during the period. Finally, Mather Group LLC. purchased a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth about $57,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM stock opened at $89.91 on Friday. The firm has a market cap of $22.91 billion, a P/E ratio of 12.66 and a beta of 0.67. Avantis Emerging Markets Equity ETF has a 1-year low of $57.63 and a 1-year high of $90.69. The firm’s 50-day simple moving average is $84.12 and its 200-day simple moving average is $80.15.

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.