HORAN Wealth LLC Invests $14.07 Million in Avantis Emerging Markets Equity ETF $AVEM

HORAN Wealth LLC bought a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 174,623 shares of the company’s stock, valued at approximately $14,071,000. Avantis Emerging Markets Equity ETF makes up approximately 1.3% of HORAN Wealth LLC’s investment portfolio, making the stock its 14th biggest holding. HORAN Wealth LLC owned about 0.07% of Avantis Emerging Markets Equity ETF as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of AVEM. Bank of America Corp DE lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 1,271.2% during the 2nd quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock worth $1,202,511,000 after acquiring an additional 16,265,184 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Avantis Emerging Markets Equity ETF by 4.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock worth $741,503,000 after purchasing an additional 418,018 shares during the last quarter. Align Financial LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF in the 4th quarter worth about $528,227,000. Wells Fargo & Company MN boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 17.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock worth $437,145,000 after purchasing an additional 837,069 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Avantis Emerging Markets Equity ETF by 12.6% during the 4th quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock valued at $435,908,000 after purchasing an additional 631,367 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 0.0%

Shares of NYSEARCA AVEM opened at $89.29 on Tuesday. The stock’s 50-day moving average is $94.48 and its 200 day moving average is $87.95. The stock has a market cap of $24.87 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 1-year low of $68.27 and a 1-year high of $100.83.

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.