6,586 Avantis Emerging Markets Equity ETF $AVEM Shares Acquired by Verus Wealth Management LLC

Verus Wealth Management LLC boosted its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 14.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 53,418 shares of the company’s stock after acquiring an additional 6,586 shares during the quarter. Avantis Emerging Markets Equity ETF makes up about 3.1% of Verus Wealth Management LLC’s investment portfolio, making the stock its 11th biggest position. Verus Wealth Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $5,022,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AVEM. Baird Financial Group Inc. boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 135.1% during the 2nd quarter. Baird Financial Group Inc. now owns 146,030 shares of the company’s stock valued at $14,090,000 after acquiring an additional 83,919 shares in the last quarter. 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 worth $6,522,000 after purchasing an additional 6,605 shares in the last quarter. Cornerstone Wealth Group LLC acquired a new position in Avantis Emerging Markets Equity ETF in the 1st quarter worth about $9,334,000. Independence Bank of Kentucky raised its position in Avantis Emerging Markets Equity ETF by 39.3% in the second quarter. Independence Bank of Kentucky now owns 81,226 shares of the company’s stock valued at $7,837,000 after purchasing an additional 22,913 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in Avantis Emerging Markets Equity ETF by 119.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 254,911 shares of the company’s stock valued at $19,633,000 after purchasing an additional 138,694 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Down 0.5%

Avantis Emerging Markets Equity ETF stock traded down $0.45 during trading hours on Tuesday, hitting $92.82. The stock had a trading volume of 2,222,654 shares, compared to its average volume of 1,913,460. The business’s 50 day simple moving average is $94.26 and its 200-day simple moving average is $92.39. Avantis Emerging Markets Equity ETF has a one year low of $73.79 and a one year high of $100.83. The stock has a market cap of $28.06 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75.

Avantis Emerging Markets Equity ETF Company 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.