Farther Finance Advisors LLC Acquires 51,321 Shares of Avantis Emerging Markets Equity ETF $AVEM

Farther Finance Advisors LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 850,340 shares of the company’s stock after purchasing an additional 51,321 shares during the quarter. Avantis Emerging Markets Equity ETF comprises approximately 0.6% of Farther Finance Advisors LLC’s investment portfolio, making the stock its 28th biggest position. Farther Finance Advisors LLC owned 0.28% of Avantis Emerging Markets Equity ETF worth $79,949,000 as of its most recent SEC filing.

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

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA AVEM traded down $1.71 during trading on Thursday, reaching $93.24. The stock had a trading volume of 1,518,466 shares, compared to its average volume of 1,912,937. The company has a market cap of $28.16 billion, a P/E ratio of 12.66 and a beta of 0.75. Avantis Emerging Markets Equity ETF has a fifty-two week low of $72.94 and a fifty-two week high of $100.83. The business’s 50-day moving average price is $94.02 and its 200-day moving average price is $92.03.

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.