Stonebrook Private Inc. Invests $8.11 Million in Avantis Emerging Markets Equity ETF $AVEM

Stonebrook Private Inc. acquired a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the fourth quarter, Holdings Channel reports. The fund acquired 105,330 shares of the company’s stock, valued at approximately $8,112,000. Avantis Emerging Markets Equity ETF accounts for approximately 1.7% of Stonebrook Private Inc.’s portfolio, making the stock its 16th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Asempa Wealth Advisors bought a new position in shares of Avantis Emerging Markets Equity ETF during the 4th quarter worth about $939,000. Breakwater Capital Group lifted its position in Avantis Emerging Markets Equity ETF by 14.8% in the 4th quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock valued at $4,045,000 after acquiring an additional 6,774 shares in the last quarter. ACT Advisors LLC. lifted its position in Avantis Emerging Markets Equity ETF by 3.4% in the 4th quarter. ACT Advisors LLC. now owns 307,508 shares of the company’s stock valued at $23,684,000 after acquiring an additional 10,245 shares in the last quarter. Assetmark Inc. lifted its position in Avantis Emerging Markets Equity ETF by 28,061.5% in the 3rd quarter. Assetmark Inc. now owns 105,324 shares of the company’s stock valued at $7,911,000 after acquiring an additional 104,950 shares in the last quarter. Finally, Armstrong Fleming & Moore Inc lifted its position in Avantis Emerging Markets Equity ETF by 16.0% in the 4th quarter. Armstrong Fleming & Moore Inc now owns 233,841 shares of the company’s stock valued at $18,010,000 after acquiring an additional 32,228 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA AVEM opened at $92.69 on Wednesday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $66.19 and a fifty-two week high of $99.67. The stock has a market cap of $24.17 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. The firm’s 50-day simple moving average is $90.47 and its 200 day simple moving average is $84.28.

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.