Avantax Planning Partners Inc. Raises Holdings in Avantis Emerging Markets Equity ETF $AVEM

Avantax Planning Partners Inc. boosted its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 92.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,050,626 shares of the company’s stock after purchasing an additional 505,850 shares during the quarter. Avantis Emerging Markets Equity ETF comprises 2.3% of Avantax Planning Partners Inc.’s portfolio, making the stock its 10th largest holding. Avantax Planning Partners Inc. owned approximately 0.57% of Avantis Emerging Markets Equity ETF worth $78,913,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AVEM. Hantz Financial Services Inc. boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 2,366.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock worth $25,000 after buying an additional 355 shares during the period. American Capital Advisory LLC bought a new position in Avantis Emerging Markets Equity ETF in the 3rd quarter worth $30,000. AdvisorNet Financial Inc lifted its position in Avantis Emerging Markets Equity ETF by 213.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 492 shares of the company’s stock worth $34,000 after acquiring an additional 335 shares during the last quarter. Tripletail Wealth Management LLC acquired a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter worth $49,000. Finally, Spire Wealth Management boosted its holdings in Avantis Emerging Markets Equity ETF by 324.9% during the third quarter. Spire Wealth Management now owns 752 shares of the company’s stock valued at $56,000 after acquiring an additional 575 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA:AVEM opened at $82.86 on Monday. The stock’s 50-day moving average is $77.81 and its 200-day moving average is $75.01. The company has a market cap of $18.04 billion, a P/E 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.