BAM Wealth Management LLC Takes $879,000 Position in Avantis Emerging Markets Equity ETF $AVEM

BAM Wealth Management LLC bought a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,702 shares of the company’s stock, valued at approximately $879,000.

Several other hedge funds and other institutional investors have also bought and sold shares of AVEM. Hantz Financial Services Inc. raised its position in shares of Avantis Emerging Markets Equity ETF by 2,366.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock worth $25,000 after acquiring an additional 355 shares in the last quarter. American Capital Advisory LLC acquired a new stake in Avantis Emerging Markets Equity ETF during the third quarter worth approximately $30,000. AdvisorNet Financial Inc increased its holdings in Avantis Emerging Markets Equity ETF by 213.4% in the second quarter. AdvisorNet Financial Inc now owns 492 shares of the company’s stock worth $34,000 after purchasing an additional 335 shares in the last quarter. Tripletail Wealth Management LLC acquired a new position in Avantis Emerging Markets Equity ETF in the third quarter valued at approximately $49,000. Finally, Spire Wealth Management boosted 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 buying an additional 575 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 0.7%

Shares of AVEM stock opened at $82.86 on Friday. The firm has a 50 day moving average of $77.81 and a 200-day moving average of $74.93. The company has a market cap of $18.04 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a 52 week low of $52.52 and a 52 week high of $82.95.

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.