Cornerstone Wealth Partners LLC Takes $5.75 Million Position in Avantis Emerging Markets Small Cap Equity ETF $AVEE

Cornerstone Wealth Partners LLC bought a new stake in shares of Avantis Emerging Markets Small Cap Equity ETF (NYSEARCA:AVEE) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 92,165 shares of the company’s stock, valued at approximately $5,751,000. Avantis Emerging Markets Small Cap Equity ETF comprises about 4.0% of Cornerstone Wealth Partners LLC’s holdings, making the stock its 8th biggest position. Cornerstone Wealth Partners LLC owned 6.58% of Avantis Emerging Markets Small Cap Equity ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Index Fund Advisors Inc. grew its stake in shares of Avantis Emerging Markets Small Cap Equity ETF by 21.8% during the fourth quarter. Index Fund Advisors Inc. now owns 107,357 shares of the company’s stock valued at $6,700,000 after buying an additional 19,226 shares during the last quarter. Timonier Family Office LTD. grew its stake in shares of Avantis Emerging Markets Small Cap Equity ETF by 6.8% during the fourth quarter. Timonier Family Office LTD. now owns 78,632 shares of the company’s stock valued at $4,907,000 after buying an additional 5,028 shares during the last quarter. Vista Capital Partners Inc. bought a new position in shares of Avantis Emerging Markets Small Cap Equity ETF during the second quarter valued at approximately $1,617,000. CAP Partners LLC grew its stake in shares of Avantis Emerging Markets Small Cap Equity ETF by 1.8% during the fourth quarter. CAP Partners LLC now owns 13,771 shares of the company’s stock valued at $859,000 after buying an additional 249 shares during the last quarter. Finally, Cypress Point Wealth Management LLC grew its stake in shares of Avantis Emerging Markets Small Cap Equity ETF by 47.8% during the fourth quarter. Cypress Point Wealth Management LLC now owns 13,465 shares of the company’s stock valued at $840,000 after buying an additional 4,352 shares during the last quarter.

Avantis Emerging Markets Small Cap Equity ETF Stock Performance

AVEE opened at $71.17 on Wednesday. Avantis Emerging Markets Small Cap Equity ETF has a one year low of $57.95 and a one year high of $72.93. The stock has a market cap of $120.99 million, a price-to-earnings ratio of 13.82 and a beta of 0.64. The stock’s 50 day moving average price is $69.98 and its 200-day moving average price is $66.41.

Avantis Emerging Markets Small Cap Equity ETF Profile

The Avantis Emerging Markets Small Cap Equity ETF (AVEE) is an exchange-traded fund that mostly invests in small-cap stocks. The fund seeks long-term capital appreciation through an actively managed portfolio of small-cap companies in the emerging market equity space, selected based on fundamental criteria. AVEE was launched on Nov 7, 2023 and is issued by American Century Investments.