Scarborough Advisors LLC Has $14.49 Million Stock Position in Avantis Emerging Markets Equity ETF $AVEM

Scarborough Advisors LLC lifted its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 219,203.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 179,829 shares of the company’s stock after buying an additional 179,747 shares during the period. Avantis Emerging Markets Equity ETF makes up about 1.6% of Scarborough Advisors LLC’s portfolio, making the stock its 21st largest position. Scarborough Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $14,491,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Winch Advisory Services LLC acquired a new position in Avantis Emerging Markets Equity ETF in the first quarter valued at about $26,000. Rothschild Investment LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 192.7% in the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after acquiring an additional 289 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Avantis Emerging Markets Equity ETF in the fourth quarter worth about $36,000. Team Financial Group LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 184.2% during the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock worth $43,000 after purchasing an additional 361 shares during the period. Finally, Hantz Financial Services Inc. raised its position in shares of Avantis Emerging Markets Equity ETF by 49.5% during the fourth quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock worth $43,000 after purchasing an additional 183 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA:AVEM opened at $89.26 on Monday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $68.27 and a fifty-two week high of $100.83. The stock has a market capitalization of $24.86 billion, a PE ratio of 12.66 and a beta of 0.73. The business’s 50-day simple moving average is $94.61 and its 200-day simple moving average is $87.87.

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.