NewEdge Advisors LLC Raises Stake in Avantis Emerging Markets Equity ETF $AVEM

NewEdge Advisors LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 12.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 168,995 shares of the company’s stock after buying an additional 19,132 shares during the quarter. NewEdge Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $11,583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AVEM. Atlas Brown Inc. lifted its stake in Avantis Emerging Markets Equity ETF by 4.2% in the 2nd quarter. Atlas Brown Inc. now owns 4,029 shares of the company’s stock valued at $276,000 after buying an additional 164 shares in the last quarter. Clarity Asset Management Inc. raised its holdings in Avantis Emerging Markets Equity ETF by 31.5% in the 1st quarter. Clarity Asset Management Inc. now owns 752 shares of the company’s stock valued at $45,000 after acquiring an additional 180 shares during the last quarter. Austin Asset Management Co Inc boosted its stake in Avantis Emerging Markets Equity ETF by 3.1% in the 2nd quarter. Austin Asset Management Co Inc now owns 6,686 shares of the company’s stock worth $458,000 after buying an additional 199 shares during the last quarter. L.K. Benson & Company P.C. grew its holdings in Avantis Emerging Markets Equity ETF by 1.0% in the 2nd quarter. L.K. Benson & Company P.C. now owns 21,564 shares of the company’s stock valued at $1,478,000 after buying an additional 207 shares during the period. Finally, Freedom Investment Management Inc. grew its holdings in Avantis Emerging Markets Equity ETF by 2.9% in the second quarter. Freedom Investment Management Inc. now owns 7,595 shares of the company’s stock valued at $521,000 after purchasing an additional 216 shares during the period.

Avantis Emerging Markets Equity ETF Stock Down 0.3%

Shares of NYSEARCA AVEM opened at $77.43 on Friday. Avantis Emerging Markets Equity ETF has a 52-week low of $52.52 and a 52-week high of $78.76. The firm has a fifty day moving average of $76.65 and a 200-day moving average of $72.43. The stock has a market capitalization of $14.36 billion, a PE 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.