WESPAC Advisors SoCal LLC Makes New $1.29 Million Investment in Avantis Emerging Markets Equity ETF $AVEM

WESPAC Advisors SoCal LLC purchased a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 4th quarter, Holdings Channel reports. The fund purchased 16,680 shares of the company’s stock, valued at approximately $1,285,000.

A number of other hedge funds have also modified their holdings of AVEM. Savant Capital LLC lifted its stake in Avantis Emerging Markets Equity ETF by 3.2% in the 3rd quarter. Savant Capital LLC now owns 18,469,078 shares of the company’s stock valued at $1,387,215,000 after buying an additional 564,371 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Avantis Emerging Markets Equity ETF by 4.9% in the third quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock valued at $1,382,953,000 after acquiring an additional 867,710 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Avantis Emerging Markets Equity ETF by 3.4% in the third quarter. Mercer Global Advisors Inc. ADV now owns 9,209,393 shares of the company’s stock valued at $691,717,000 after acquiring an additional 304,731 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Avantis Emerging Markets Equity ETF by 28.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,062,191 shares of the company’s stock worth $209,883,000 after purchasing an additional 670,844 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in Avantis Emerging Markets Equity ETF by 2.8% in the 3rd quarter. Cerity Partners LLC now owns 2,687,213 shares of the company’s stock valued at $202,061,000 after purchasing an additional 72,106 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Avantis Emerging Markets Equity ETF stock opened at $79.02 on Friday. The stock has a market capitalization of $17.46 billion, a P/E ratio of 12.66 and a beta of 0.68. The firm’s 50-day moving average is $83.93 and its two-hundred day moving average is $78.87. Avantis Emerging Markets Equity ETF has a 12-month low of $52.52 and a 12-month high of $89.75.

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.