McLean Asset Management Corp Grows Stake in Avantis Emerging Markets Equity ETF $AVEM

McLean Asset Management Corp lifted its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 34.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 465,220 shares of the company’s stock after buying an additional 118,083 shares during the period. Avantis Emerging Markets Equity ETF makes up about 6.8% of McLean Asset Management Corp’s investment portfolio, making the stock its 4th largest holding. McLean Asset Management Corp owned about 0.22% of Avantis Emerging Markets Equity ETF worth $37,706,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BetterWealth LLC raised its stake in Avantis Emerging Markets Equity ETF by 3.0% during the 4th quarter. BetterWealth LLC now owns 108,672 shares of the company’s stock valued at $8,370,000 after acquiring an additional 3,185 shares in the last quarter. ERn Financial LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 2.2% in the fourth quarter. ERn Financial LLC now owns 167,024 shares of the company’s stock worth $12,864,000 after purchasing an additional 3,557 shares in the last quarter. Fortitude Family Office LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 0.8% in the fourth quarter. Fortitude Family Office LLC now owns 78,919 shares of the company’s stock worth $6,078,000 after purchasing an additional 608 shares in the last quarter. Santori & Peters Inc. increased its holdings in shares of Avantis Emerging Markets Equity ETF by 9.7% during the fourth quarter. Santori & Peters Inc. now owns 5,430 shares of the company’s stock valued at $418,000 after purchasing an additional 478 shares during the period. Finally, Parkwoods Wealth Partners LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 14.8% during the fourth quarter. Parkwoods Wealth Partners LLC now owns 8,650 shares of the company’s stock valued at $666,000 after purchasing an additional 1,116 shares during the period.

Avantis Emerging Markets Equity ETF Stock Up 0.9%

Shares of NYSEARCA AVEM opened at $81.28 on Thursday. The stock has a market cap of $17.96 billion, a P/E ratio of 12.66 and a beta of 0.68. The firm’s 50-day simple moving average is $83.75 and its 200 day simple moving average is $79.32. Avantis Emerging Markets Equity ETF has a fifty-two week low of $52.52 and a fifty-two week high of $89.75.

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.