Jackson Thornton Wealth Management LLC Invests $24.93 Million in Avantis Emerging Markets Equity ETF $AVEM

Jackson Thornton Wealth Management LLC acquired a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the first quarter, HoldingsChannel.com reports. The fund acquired 290,077 shares of the company’s stock, valued at approximately $24,935,000. Avantis Emerging Markets Equity ETF accounts for approximately 2.2% of Jackson Thornton Wealth Management LLC’s investment portfolio, making the stock its 10th largest holding.

Several other large investors have also added to or reduced their stakes in AVEM. AQR Capital Management LLC lifted its position in Avantis Emerging Markets Equity ETF by 13.2% during the 1st quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock worth $1,336,000 after buying an additional 2,596 shares in the last quarter. M&T Bank Corp acquired a new position in Avantis Emerging Markets Equity ETF during the second quarter worth $287,000. Diversify Advisory Services LLC acquired a new stake in Avantis Emerging Markets Equity ETF in the 2nd quarter valued at about $478,000. Diversify Wealth Management LLC boosted its position in Avantis Emerging Markets Equity ETF by 20.3% during the second quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock worth $946,000 after purchasing an additional 2,244 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in Avantis Emerging Markets Equity ETF by 74.1% in the 2nd quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock valued at $1,010,000 after acquiring an additional 6,271 shares during the period.

Avantis Emerging Markets Equity ETF Trading Down 2.9%

Shares of NYSEARCA AVEM opened at $92.59 on Wednesday. The firm has a market cap of $25.41 billion, a P/E ratio of 12.66 and a beta of 0.73. The business’s 50 day moving average is $94.56 and its 200-day moving average is $86.99. Avantis Emerging Markets Equity ETF has a 1-year low of $68.27 and a 1-year high of $100.83.

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.