Falcon Wealth Planning Invests $48.39 Million in Avantis Emerging Markets Equity ETF $AVEM

Falcon Wealth Planning bought a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 600,510 shares of the company’s stock, valued at approximately $48,389,000. Avantis Emerging Markets Equity ETF makes up about 3.3% of Falcon Wealth Planning’s investment portfolio, making the stock its 11th largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Rothschild Investment LLC lifted its holdings in Avantis Emerging Markets Equity ETF by 192.7% in the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after buying an additional 289 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in Avantis Emerging Markets Equity ETF during the 4th quarter valued at approximately $36,000. Team Financial Group LLC boosted its position in Avantis Emerging Markets Equity ETF by 184.2% during the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after acquiring an additional 361 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Avantis Emerging Markets Equity ETF by 49.5% during the 4th quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock worth $43,000 after acquiring an additional 183 shares during the period. Finally, Motiv8 Investments LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF during the 4th quarter worth approximately $47,000.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA:AVEM opened at $95.62 on Friday. Avantis Emerging Markets Equity ETF has a 52-week low of $68.00 and a 52-week high of $100.83. The firm has a market capitalization of $24.94 billion, a P/E ratio of 12.66 and a beta of 0.73. The stock has a 50 day moving average price of $93.73 and a 200-day moving average price of $86.00.

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.