Avantis Emerging Markets Equity ETF $AVEM Shares Purchased by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC raised its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 533,185 shares of the company’s stock after acquiring an additional 17,416 shares during the quarter. Avantis Emerging Markets Equity ETF comprises approximately 1.2% of Robertson Stephens Wealth Management LLC’s investment portfolio, making the stock its 16th biggest holding. Robertson Stephens Wealth Management LLC owned approximately 0.18% of Avantis Emerging Markets Equity ETF worth $50,130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Baird Financial Group Inc. boosted its holdings in Avantis Emerging Markets Equity ETF by 135.1% during the second quarter. Baird Financial Group Inc. now owns 146,030 shares of the company’s stock worth $14,090,000 after buying an additional 83,919 shares during the last quarter. Telos Capital Management Inc. grew its position in shares of Avantis Emerging Markets Equity ETF by 8.9% during the 1st quarter. Telos Capital Management Inc. now owns 80,940 shares of the company’s stock worth $6,522,000 after buying an additional 6,605 shares during the period. Cornerstone Wealth Group LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF in the 1st quarter valued at about $9,334,000. Independence Bank of Kentucky increased its stake in shares of Avantis Emerging Markets Equity ETF by 39.3% in the 2nd quarter. Independence Bank of Kentucky now owns 81,226 shares of the company’s stock valued at $7,837,000 after acquiring an additional 22,913 shares during the last quarter. Finally, World Investment Advisors increased its stake in shares of Avantis Emerging Markets Equity ETF by 31.1% in the 4th quarter. World Investment Advisors now owns 34,136 shares of the company’s stock valued at $2,629,000 after acquiring an additional 8,094 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:AVEM opened at $88.89 on Friday. The company has a market capitalization of $26.87 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75. The firm’s 50 day simple moving average is $94.14 and its 200 day simple moving average is $92.53. Avantis Emerging Markets Equity ETF has a fifty-two week low of $73.79 and a fifty-two week 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.