Sonoma Allocations LLC Takes Position in Avantis Emerging Markets Equity ETF $AVEM

Sonoma Allocations LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 22,430 shares of the company’s stock, valued at approximately $1,825,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Winch Advisory Services LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF in the 1st quarter worth about $26,000. Rothschild Investment LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF by 192.7% in the 4th quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock valued at $34,000 after purchasing an additional 289 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the 4th quarter worth about $36,000. 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 purchasing an additional 183 shares during the period. Finally, Motiv8 Investments LLC acquired a new stake in Avantis Emerging Markets Equity ETF during the 4th quarter worth approximately $47,000.

Avantis Emerging Markets Equity ETF Stock Performance

AVEM opened at $89.42 on Friday. Avantis Emerging Markets Equity ETF has a 1 year low of $68.27 and a 1 year high of $100.83. The firm has a 50 day moving average price of $93.96 and a 200 day moving average price of $88.55. The company has a market cap of $25.45 billion, a PE ratio of 12.66 and a beta of 0.73.

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.