76,374 Shares in Avantis Emerging Markets Equity ETF $AVEM Purchased by Gainline Financial Partners LLC
by Michael Walen · The Markets DailyGainline Financial Partners LLC acquired a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) in the second quarter, Holdings Channel reports. The fund acquired 76,374 shares of the company’s stock, valued at approximately $7,369,000. Avantis Emerging Markets Equity ETF accounts for 6.9% of Gainline Financial Partners LLC’s investment portfolio, making the stock its 4th biggest position.
A number of other institutional investors and hedge funds have also recently made changes to their positions in AVEM. Winch Advisory Services LLC bought a new position in shares of Avantis Emerging Markets Equity ETF during the first quarter worth approximately $26,000. JFS Wealth Advisors LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF by 67.3% in the second quarter. JFS Wealth Advisors LLC now owns 276 shares of the company’s stock valued at $27,000 after buying an additional 111 shares during the period. Glenmede Trust Co. NA bought a new stake in shares of Avantis Emerging Markets Equity ETF in the first quarter valued at approximately $31,000. Rothschild Investment LLC grew its position in Avantis Emerging Markets Equity ETF by 192.7% during the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after buying an additional 289 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new position in Avantis Emerging Markets Equity ETF during the 4th quarter worth $36,000.
Avantis Emerging Markets Equity ETF Price Performance
Shares of NYSEARCA AVEM opened at $96.81 on Friday. The stock has a market capitalization of $27.55 billion, a PE ratio of 12.66 and a beta of 0.75. The business has a fifty day moving average price of $92.57 and a two-hundred day moving average price of $90.34. Avantis Emerging Markets Equity ETF has a fifty-two week low of $71.68 and a fifty-two week 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.
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