Avidian Wealth Enterprises LLC Makes New $622,000 Investment in Avantis Emerging Markets Equity ETF $AVEM

Avidian Wealth Enterprises LLC bought a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,285 shares of the company’s stock, valued at approximately $622,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC lifted its stake in Avantis Emerging Markets Equity ETF by 13.2% in the first quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock valued at $1,336,000 after acquiring an additional 2,596 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in Avantis Emerging Markets Equity ETF by 213.4% in the 2nd quarter. AdvisorNet Financial Inc now owns 492 shares of the company’s stock valued at $34,000 after purchasing an additional 335 shares during the last quarter. Fifth Third Bancorp grew its holdings in Avantis Emerging Markets Equity ETF by 8.5% during the second quarter. Fifth Third Bancorp now owns 495,052 shares of the company’s stock worth $33,931,000 after purchasing an additional 38,785 shares during the period. Total Wealth Planning LLC increased its position in Avantis Emerging Markets Equity ETF by 3.8% during the second quarter. Total Wealth Planning LLC now owns 119,990 shares of the company’s stock worth $8,224,000 after buying an additional 4,412 shares during the last quarter. Finally, Level Financial Advisors increased its position in Avantis Emerging Markets Equity ETF by 1.8% during the second quarter. Level Financial Advisors now owns 67,756 shares of the company’s stock worth $4,644,000 after buying an additional 1,205 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 0.7%

AVEM opened at $82.30 on Friday. Avantis Emerging Markets Equity ETF has a 12-month low of $52.52 and a 12-month high of $82.63. The business has a 50 day moving average of $77.71 and a 200-day moving average of $74.83. The stock has a market cap of $17.58 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68.

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.