Sax Wealth Advisors LLC Acquires 154,026 Shares of Avantis Emerging Markets Equity ETF $AVEM

Sax Wealth Advisors LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 200.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 230,840 shares of the company’s stock after buying an additional 154,026 shares during the period. Avantis Emerging Markets Equity ETF makes up approximately 0.6% of Sax Wealth Advisors LLC’s holdings, making the stock its 28th biggest holding. Sax Wealth Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $21,704,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Telos Capital Management Inc. raised its holdings in shares of Avantis Emerging Markets Equity ETF by 8.9% in the 1st quarter. Telos Capital Management Inc. now owns 80,940 shares of the company’s stock worth $6,522,000 after purchasing an additional 6,605 shares during the period. Baird Financial Group Inc. raised its position in shares of Avantis Emerging Markets Equity ETF by 135.1% in the second quarter. Baird Financial Group Inc. now owns 146,030 shares of the company’s stock valued at $14,090,000 after purchasing an additional 83,919 shares during the period. Cornerstone Wealth Group LLC bought a new position in Avantis Emerging Markets Equity ETF in the 1st quarter worth approximately $9,334,000. Independence Bank of Kentucky lifted its position in shares of Avantis Emerging Markets Equity ETF by 39.3% during the second quarter. Independence Bank of Kentucky now owns 81,226 shares of the company’s stock worth $7,837,000 after acquiring an additional 22,913 shares in the last quarter. Finally, World Investment Advisors grew its position in shares of Avantis Emerging Markets Equity ETF by 31.1% in the fourth quarter. World Investment Advisors now owns 34,136 shares of the company’s stock valued at $2,629,000 after purchasing an additional 8,094 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

AVEM stock traded down $0.71 during mid-day trading on Tuesday, reaching $92.56. 1,049,560 shares of the company traded hands, compared to its average volume of 1,907,084. The company has a fifty day moving average price of $94.25 and a 200-day moving average price of $92.31. Avantis Emerging Markets Equity ETF has a 52-week low of $73.79 and a 52-week high of $100.83. The company has a market capitalization of $27.98 billion, a P/E ratio of 12.66 and a beta of 0.75.

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.