Red Lighthouse Investment Management LLC Has $5.11 Million Stock Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Red Lighthouse Investment Management LLC increased its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 90,611 shares of the company’s stock after acquiring an additional 4,811 shares during the quarter. Avantis Emerging Markets Equity ETF comprises 2.1% of Red Lighthouse Investment Management LLC’s holdings, making the stock its 12th largest holding. Red Lighthouse Investment Management LLC owned about 0.13% of Avantis Emerging Markets Equity ETF worth $5,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Savant Capital LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF by 8.7% in the third quarter. Savant Capital LLC now owns 11,084,365 shares of the company’s stock worth $585,144,000 after acquiring an additional 891,522 shares during the period. Envestnet Asset Management Inc. lifted its stake in Avantis Emerging Markets Equity ETF by 58.3% in the third quarter. Envestnet Asset Management Inc. now owns 6,036,760 shares of the company’s stock valued at $318,681,000 after buying an additional 2,223,331 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in Avantis Emerging Markets Equity ETF by 56.5% in the third quarter. Mercer Global Advisors Inc. ADV now owns 5,513,693 shares of the company’s stock valued at $291,068,000 after buying an additional 1,990,140 shares during the period. Annex Advisory Services LLC lifted its stake in Avantis Emerging Markets Equity ETF by 18.6% in the third quarter. Annex Advisory Services LLC now owns 1,825,048 shares of the company’s stock valued at $96,344,000 after buying an additional 286,506 shares during the period. Finally, Pure Financial Advisors LLC lifted its stake in Avantis Emerging Markets Equity ETF by 1.0% in the fourth quarter. Pure Financial Advisors LLC now owns 1,507,454 shares of the company’s stock valued at $85,005,000 after buying an additional 15,085 shares during the period.

Avantis Emerging Markets Equity ETF Stock Up 1.0 %

AVEM traded up $0.60 during trading on Friday, hitting $58.70. The company’s stock had a trading volume of 156,562 shares, compared to its average volume of 347,282. Avantis Emerging Markets Equity ETF has a twelve month low of $50.65 and a twelve month high of $59.40. The stock’s fifty day moving average price is $57.70 and its 200-day moving average price is $55.57. The firm has a market capitalization of $5.18 billion, a P/E ratio of 9.46 and a beta of 0.80.

Avantis Emerging Markets Equity ETF 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.