Modern Wealth Management LLC Boosts Stock Position in Avantis Emerging Markets Equity ETF $AVEM

Modern Wealth Management LLC raised its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 4,340.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 178,030 shares of the company’s stock after purchasing an additional 174,021 shares during the quarter. Modern Wealth Management LLC owned 0.11% of Avantis Emerging Markets Equity ETF worth $12,202,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Modera Wealth Management LLC grew its holdings in shares of Avantis Emerging Markets Equity ETF by 0.7% in the 2nd quarter. Modera Wealth Management LLC now owns 181,076 shares of the company’s stock worth $12,411,000 after acquiring an additional 1,234 shares during the period. Royal Bank of Canada raised its holdings in Avantis Emerging Markets Equity ETF by 7.8% during the first quarter. Royal Bank of Canada now owns 290,593 shares of the company’s stock worth $17,485,000 after purchasing an additional 20,996 shares during the last quarter. Stone Summit Wealth LLC boosted its position in Avantis Emerging Markets Equity ETF by 2.8% during the second quarter. Stone Summit Wealth LLC now owns 34,371 shares of the company’s stock worth $2,356,000 after purchasing an additional 935 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Avantis Emerging Markets Equity ETF by 27.3% in the second quarter. Janney Montgomery Scott LLC now owns 29,823 shares of the company’s stock valued at $2,044,000 after purchasing an additional 6,387 shares during the last quarter. Finally, XY Planning Network Inc. increased its position in shares of Avantis Emerging Markets Equity ETF by 89.7% in the second quarter. XY Planning Network Inc. now owns 7,745 shares of the company’s stock valued at $531,000 after buying an additional 3,663 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Down 1.2%

NYSEARCA:AVEM opened at $76.51 on Friday. Avantis Emerging Markets Equity ETF has a 52-week low of $52.52 and a 52-week high of $78.76. The stock has a fifty day simple moving average of $76.66 and a 200-day simple moving average of $72.52. The company has a market capitalization of $14.19 billion, a PE ratio of 12.66 and a beta of 0.68.

Avantis Emerging Markets Equity ETF Profile

(Free Report)

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.

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