McLean Asset Management Corp Has $37.71 Million Stake in Avantis Emerging Markets Equity ETF $AVEM

McLean Asset Management Corp increased its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 34.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 465,220 shares of the company’s stock after purchasing an additional 118,083 shares during the period. Avantis Emerging Markets Equity ETF accounts for about 6.8% of McLean Asset Management Corp’s investment portfolio, making the stock its 4th largest holding. McLean Asset Management Corp’s holdings in Avantis Emerging Markets Equity ETF were worth $37,706,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AVEM. American Capital Advisory LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter valued at $30,000. Team Financial Group LLC raised its stake in shares of Avantis Emerging Markets Equity ETF by 184.2% in the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock worth $43,000 after buying an additional 361 shares in the last quarter. Tripletail Wealth Management LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter valued at $49,000. Spire Wealth Management lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 324.9% in the third quarter. Spire Wealth Management now owns 752 shares of the company’s stock valued at $56,000 after buying an additional 575 shares during the period. Finally, Mather Group LLC. bought a new position in Avantis Emerging Markets Equity ETF during the third quarter valued at about $57,000.

Avantis Emerging Markets Equity ETF Stock Up 0.9%

NYSEARCA:AVEM opened at $81.28 on Thursday. Avantis Emerging Markets Equity ETF has a 52-week low of $52.52 and a 52-week high of $89.75. The business’s 50-day moving average price is $83.75 and its 200 day moving average price is $79.32. The firm has a market cap of $17.96 billion, a P/E ratio of 12.66 and a beta of 0.68.

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.