Lifestyle Asset Management Inc. Buys New Stake in Avantis Emerging Markets Equity ETF $AVEM

Lifestyle Asset Management Inc. purchased a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 52,044 shares of the company’s stock, valued at approximately $3,909,000. Avantis Emerging Markets Equity ETF makes up about 1.3% of Lifestyle Asset Management Inc.’s investment portfolio, making the stock its 16th largest holding.

Several other hedge funds also recently added to or reduced their stakes in the stock. Modera Wealth Management LLC lifted its position in Avantis Emerging Markets Equity ETF by 0.7% during the 2nd quarter. Modera Wealth Management LLC now owns 181,076 shares of the company’s stock worth $12,411,000 after acquiring an additional 1,234 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Avantis Emerging Markets Equity ETF by 7.8% in the first quarter. Royal Bank of Canada now owns 290,593 shares of the company’s stock valued at $17,485,000 after purchasing an additional 20,996 shares during the period. Stone Summit Wealth LLC grew its holdings in Avantis Emerging Markets Equity ETF by 2.8% during the 2nd quarter. Stone Summit Wealth LLC now owns 34,371 shares of the company’s stock valued at $2,356,000 after purchasing an additional 935 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Avantis Emerging Markets Equity ETF by 27.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 29,823 shares of the company’s stock worth $2,044,000 after buying an additional 6,387 shares during the period. Finally, XY Planning Network Inc. increased its stake in Avantis Emerging Markets Equity ETF by 89.7% during the 2nd quarter. XY Planning Network Inc. now owns 7,745 shares of the company’s stock worth $531,000 after buying an additional 3,663 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA:AVEM opened at $75.89 on Friday. Avantis Emerging Markets Equity ETF has a 1-year low of $52.52 and a 1-year high of $78.76. The stock has a market cap of $14.08 billion, a P/E ratio of 12.66 and a beta of 0.68. The firm has a 50-day moving average of $76.63 and a two-hundred day moving average of $72.88.

Avantis Emerging Markets Equity ETF Company 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.