Allworth Financial LP Has $3.91 Million Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

Allworth Financial LP grew its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 94.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,091 shares of the company’s stock after purchasing an additional 25,344 shares during the period. Allworth Financial LP’s holdings in Avantis Emerging Markets Equity ETF were worth $3,913,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AVEM. American Capital Advisory LLC bought a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter valued at about $30,000. Tripletail Wealth Management LLC bought a new position in Avantis Emerging Markets Equity ETF in the third quarter valued at approximately $49,000. Spire Wealth Management lifted its stake in Avantis Emerging Markets Equity ETF by 324.9% in the third quarter. Spire Wealth Management now owns 752 shares of the company’s stock valued at $56,000 after buying an additional 575 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Avantis Emerging Markets Equity ETF in the third quarter valued at approximately $57,000. Finally, Blue Trust Inc. boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 306.3% in the third quarter. Blue Trust Inc. now owns 780 shares of the company’s stock valued at $59,000 after buying an additional 588 shares during the period.

Avantis Emerging Markets Equity ETF Trading Down 3.5%

AVEM stock opened at $79.02 on Friday. The stock has a 50-day moving average price of $83.93 and a two-hundred day moving average price of $78.92. Avantis Emerging Markets Equity ETF has a 1 year low of $52.52 and a 1 year high of $89.75. The stock has a market cap of $17.46 billion, a PE ratio of 12.66 and a beta of 0.68.

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.