Collaborative Wealth Managment Inc. Purchases 8,874 Shares of Avantis Emerging Markets Equity ETF $AVEM

Collaborative Wealth Managment Inc. grew its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 12.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,118 shares of the company’s stock after purchasing an additional 8,874 shares during the quarter. Avantis Emerging Markets Equity ETF makes up about 2.5% of Collaborative Wealth Managment Inc.’s portfolio, making the stock its 10th biggest holding. Collaborative Wealth Managment Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $6,093,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AVEM. Fortress Financial Solutions LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 2.6% in the third quarter. Fortress Financial Solutions LLC now owns 5,145 shares of the company’s stock worth $386,000 after acquiring an additional 131 shares during the period. J.W. Cole Advisors Inc. grew its position in shares of Avantis Emerging Markets Equity ETF by 2.2% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 6,516 shares of the company’s stock valued at $489,000 after acquiring an additional 139 shares during the period. Telos Capital Management Inc. increased its stake in shares of Avantis Emerging Markets Equity ETF by 1.7% in the 3rd quarter. Telos Capital Management Inc. now owns 12,815 shares of the company’s stock valued at $963,000 after purchasing an additional 210 shares in the last quarter. Freedom Investment Management Inc. increased its stake in shares of Avantis Emerging Markets Equity ETF by 2.9% in the 2nd quarter. Freedom Investment Management Inc. now owns 7,595 shares of the company’s stock valued at $521,000 after purchasing an additional 216 shares in the last quarter. Finally, Hardin Capital Partners LLC raised its holdings in Avantis Emerging Markets Equity ETF by 2.1% in the 3rd quarter. Hardin Capital Partners LLC now owns 13,578 shares of the company’s stock worth $1,020,000 after purchasing an additional 275 shares during the period.

Avantis Emerging Markets Equity ETF Trading Up 0.5%

Shares of AVEM opened at $86.48 on Thursday. The firm has a market cap of $19.11 billion, a P/E ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a 12 month low of $52.52 and a 12 month high of $87.56. The stock’s 50 day moving average is $80.86 and its two-hundred day moving average is $76.88.

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.