Magnolia Private Wealth LLC Lowers Stake in Avantis Emerging Markets Equity ETF $AVEM

Magnolia Private Wealth LLC lessened its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 19.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,627 shares of the company’s stock after selling 17,845 shares during the period. Avantis Emerging Markets Equity ETF accounts for 3.9% of Magnolia Private Wealth LLC’s investment portfolio, making the stock its 6th largest position. Magnolia Private Wealth LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $5,594,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AVEM. Asempa Wealth Advisors bought a new stake in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at approximately $939,000. Breakwater Capital Group raised its holdings in Avantis Emerging Markets Equity ETF by 14.8% during the 4th quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock valued at $4,045,000 after acquiring an additional 6,774 shares during the period. CFS Investment Advisory Services LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the third quarter worth $3,713,000. ACT Advisors LLC. boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 3.4% in the fourth quarter. ACT Advisors LLC. now owns 307,508 shares of the company’s stock worth $23,684,000 after acquiring an additional 10,245 shares during the period. Finally, Ashton Thomas Private Wealth LLC boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 71.3% in the third quarter. Ashton Thomas Private Wealth LLC now owns 39,140 shares of the company’s stock worth $2,940,000 after acquiring an additional 16,295 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA AVEM opened at $93.11 on Friday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $63.91 and a fifty-two week high of $96.07. The stock has a market cap of $24.28 billion, a PE ratio of 12.66 and a beta of 0.72. The stock has a fifty day moving average of $86.63 and a 200-day moving average of $82.58.

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.