Avestar Capital LLC Makes New Investment in Avantis Emerging Markets Equity ETF $AVEM

Avestar Capital LLC bought a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 3rd quarter, HoldingsChannel reports. The firm bought 29,567 shares of the company’s stock, valued at approximately $2,780,000.

A number of other institutional investors have also bought and sold shares of the company. Modera Wealth Management LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter worth about $16,223,000. Petros Family Wealth LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF by 21.9% in the 3rd quarter. Petros Family Wealth LLC now owns 34,210 shares of the company’s stock valued at $3,216,000 after purchasing an additional 6,150 shares during the period. International Assets Investment Management LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 129.7% during the 3rd quarter. International Assets Investment Management LLC now owns 10,000 shares of the company’s stock valued at $940,000 after purchasing an additional 5,646 shares in the last quarter. Prosperitas Financial LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 19.9% during the 3rd quarter. Prosperitas Financial LLC now owns 6,415 shares of the company’s stock valued at $603,000 after purchasing an additional 1,065 shares in the last quarter. Finally, Glenview Trust Co boosted its position in shares of Avantis Emerging Markets Equity ETF by 1.4% during the 3rd quarter. Glenview Trust Co now owns 72,650 shares of the company’s stock valued at $6,831,000 after purchasing an additional 994 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA AVEM opened at $86.02 on Friday. The business has a 50 day simple moving average of $93.09 and a 200 day simple moving average of $90.00. Avantis Emerging Markets Equity ETF has a one year low of $73.79 and a one year high of $100.83. The stock has a market capitalization of $26.49 billion, a P/E ratio of 12.66 and a beta of 0.75.

Avantis Emerging Markets Equity ETF 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.