Titleist Asset Management LLC Buys New Position in Avantis Emerging Markets Equity ETF $AVEM

Titleist Asset Management LLC bought a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 58,524 shares of the company’s stock, valued at approximately $5,502,000.

Several other hedge funds have also recently modified their holdings of AVEM. Telos Capital Management Inc. raised its position in Avantis Emerging Markets Equity ETF by 8.9% during the 1st quarter. Telos Capital Management Inc. now owns 80,940 shares of the company’s stock worth $6,522,000 after buying an additional 6,605 shares during the last quarter. Integrity Investment Advisors LLC boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 56.6% in the fourth quarter. Integrity Investment Advisors LLC now owns 27,507 shares of the company’s stock valued at $2,119,000 after acquiring an additional 9,942 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Avantis Emerging Markets Equity ETF by 135.1% during the second quarter. Baird Financial Group Inc. now owns 146,030 shares of the company’s stock worth $14,090,000 after acquiring an additional 83,919 shares during the period. Stonebrook Private Inc. purchased a new position in Avantis Emerging Markets Equity ETF during the fourth quarter worth about $8,112,000. Finally, Summit Financial LLC raised its holdings in Avantis Emerging Markets Equity ETF by 7.8% during the fourth quarter. Summit Financial LLC now owns 192,458 shares of the company’s stock worth $14,823,000 after purchasing an additional 13,944 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA:AVEM traded down $2.08 during mid-day trading on Thursday, reaching $92.87. The stock had a trading volume of 867,073 shares, compared to its average volume of 1,908,989. Avantis Emerging Markets Equity ETF has a twelve month low of $72.94 and a twelve month high of $100.83. The business has a 50 day simple moving average of $94.02 and a 200 day simple moving average of $92.03. The firm has a market capitalization of $28.05 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75.

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.