Magnolia Private Wealth LLC Reduces Position in Avantis Emerging Markets Equity ETF $AVEM

Magnolia Private Wealth LLC lowered its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 19.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 72,627 shares of the company’s stock after selling 17,845 shares during the period. Avantis Emerging Markets Equity ETF makes up approximately 3.9% of Magnolia Private Wealth LLC’s portfolio, making the stock its 6th biggest holding. Magnolia Private Wealth LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $5,594,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Team Financial Group LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 184.2% during the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after buying an additional 361 shares during the last quarter. MeadowBrook Investment Advisors LLC bought a new position in Avantis Emerging Markets Equity ETF during the 4th quarter valued at $65,000. LGT Financial Advisors LLC bought a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter valued at $78,000. Spire Wealth Management boosted its holdings in Avantis Emerging Markets Equity ETF by 43.4% during the 4th quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock worth $83,000 after acquiring an additional 326 shares during the last quarter. Finally, TD Waterhouse Canada Inc. bought a new stake in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter worth $91,000.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA AVEM opened at $93.11 on Friday. The company has a fifty day moving average price of $86.63 and a 200-day moving average price of $82.58. The firm has a market cap of $24.28 billion, a price-to-earnings ratio of 12.66 and a beta of 0.72. Avantis Emerging Markets Equity ETF has a 1 year low of $63.91 and a 1 year high of $96.07.

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.