Tandemgrowth Financial Advisors LLC Purchases Shares of 45,526 Avantis Emerging Markets Equity ETF $AVEM

Tandemgrowth Financial Advisors LLC purchased a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 45,526 shares of the company’s stock, valued at approximately $3,506,000. Avantis Emerging Markets Equity ETF makes up about 3.1% of Tandemgrowth Financial Advisors LLC’s portfolio, making the stock its 7th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rothschild Investment LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 192.7% in the 4th quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock valued at $34,000 after acquiring an additional 289 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the 4th quarter valued at about $36,000. Hantz Financial Services Inc. raised its holdings in shares of Avantis Emerging Markets Equity ETF by 49.5% in the 4th quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock valued at $43,000 after acquiring an additional 183 shares in the last quarter. Team Financial Group LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 184.2% in the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after acquiring an additional 361 shares in the last quarter. Finally, Evolution Wealth Management Inc. raised its holdings in shares of Avantis Emerging Markets Equity ETF by 209.7% in the 4th quarter. Evolution Wealth Management Inc. now owns 703 shares of the company’s stock valued at $54,000 after acquiring an additional 476 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 4.6%

Shares of NYSEARCA AVEM opened at $95.32 on Friday. The stock has a market cap of $24.86 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 $66.19 and a 1-year high of $99.67. The stock’s 50-day moving average is $91.03 and its 200 day moving average is $84.54.

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.