Avantis Emerging Markets Equity ETF $AVEM Shares Purchased by Quantum Financial Advisors LLC

Quantum Financial Advisors LLC raised its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 359,031 shares of the company’s stock after purchasing an additional 20,029 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for approximately 2.7% of Quantum Financial Advisors LLC’s portfolio, making the stock its 7th largest position. Quantum Financial Advisors LLC owned about 0.17% of Avantis Emerging Markets Equity ETF worth $27,653,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of AVEM. American Capital Advisory LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter valued at $30,000. Tripletail Wealth Management LLC acquired a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter worth about $49,000. Spire Wealth Management boosted its holdings in Avantis Emerging Markets Equity ETF by 324.9% during the 3rd quarter. Spire Wealth Management now owns 752 shares of the company’s stock valued at $56,000 after acquiring an additional 575 shares during the period. Mather Group LLC. purchased a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter valued at about $57,000. Finally, Blue Trust Inc. grew its position in Avantis Emerging Markets Equity ETF by 306.3% in the 3rd quarter. Blue Trust Inc. now owns 780 shares of the company’s stock valued at $59,000 after acquiring an additional 588 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM opened at $81.38 on Tuesday. The company’s 50-day simple moving average is $83.94 and its 200-day simple moving average is $79.05. Avantis Emerging Markets Equity ETF has a 1 year low of $52.52 and a 1 year high of $89.75. The stock has a market capitalization of $17.98 billion, a PE ratio of 12.66 and a beta of 0.68.

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.