Avantis Emerging Markets Equity ETF $AVEM Stock Purchased by Heritage Family Offices LLP

Heritage Family Offices LLP lifted its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 16.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 117,433 shares of the company’s stock after acquiring an additional 16,201 shares during the quarter. Avantis Emerging Markets Equity ETF makes up 3.6% of Heritage Family Offices LLP’s investment portfolio, making the stock its 3rd largest position. Heritage Family Offices LLP’s holdings in Avantis Emerging Markets Equity ETF were worth $11,041,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Winch Advisory Services LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the 1st quarter worth about $26,000. JFS Wealth Advisors LLC lifted its holdings in Avantis Emerging Markets Equity ETF by 67.3% during the second quarter. JFS Wealth Advisors LLC now owns 276 shares of the company’s stock valued at $27,000 after purchasing an additional 111 shares during the last quarter. Glenmede Trust Co. NA purchased a new stake in Avantis Emerging Markets Equity ETF during the first quarter valued at about $31,000. Investors Research Corp bought a new position in Avantis Emerging Markets Equity ETF during the third quarter worth about $39,000. Finally, Barrett & Company Inc. bought a new position in Avantis Emerging Markets Equity ETF during the third quarter worth about $42,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM traded up $1.41 during trading hours on Friday, hitting $83.28. The company’s stock had a trading volume of 3,374,162 shares, compared to its average volume of 1,950,924. The company has a market cap of $26.00 billion, a price-to-earnings ratio of 12.66 and a beta of 0.79. The business has a 50 day simple moving average of $92.13 and a two-hundred day simple moving average of $90.09. Avantis Emerging Markets Equity ETF has a 52-week low of $73.79 and a 52-week high of $100.83.

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.