Avantis Emerging Markets Equity ETF $AVEM Shares Bought by CoreCap Advisors LLC

CoreCap Advisors LLC raised its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 13.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,566 shares of the company’s stock after purchasing an additional 7,276 shares during the period. CoreCap Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $5,844,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AVEM. Pacific Excel Wealth Advisors Inc. grew its position in shares of Avantis Emerging Markets Equity ETF by 1,268.6% in the second quarter. Pacific Excel Wealth Advisors Inc. now owns 101,232 shares of the company’s stock valued at $9,768,000 after purchasing an additional 93,835 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Avantis Emerging Markets Equity ETF by 1.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 257,808 shares of the company’s stock worth $24,876,000 after purchasing an additional 2,974 shares during the last quarter. Adelphi Trust Co raised its position in shares of Avantis Emerging Markets Equity ETF by 22.7% during the 2nd quarter. Adelphi Trust Co now owns 47,088 shares of the company’s stock worth $4,544,000 after purchasing an additional 8,727 shares during the last quarter. WealthPoint Financial LLC lifted its stake in Avantis Emerging Markets Equity ETF by 13.3% in the 1st quarter. WealthPoint Financial LLC now owns 24,105 shares of the company’s stock valued at $1,942,000 after buying an additional 2,827 shares in the last quarter. Finally, Redwood Investment Management LLC lifted its stake in Avantis Emerging Markets Equity ETF by 120.1% in the 1st quarter. Redwood Investment Management LLC now owns 25,280 shares of the company’s stock valued at $2,037,000 after buying an additional 13,796 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 0.5%

AVEM stock opened at $92.18 on Thursday. Avantis Emerging Markets Equity ETF has a 12-month low of $69.57 and a 12-month high of $100.83. The stock has a market cap of $26.23 billion, a price-to-earnings ratio of 12.66 and a beta of 0.74. The business’s 50-day moving average is $93.66 and its 200 day moving average is $88.83.

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.