Independent Financial Group LLC Purchases New Shares in Avantis Emerging Markets Equity ETF $AVEM

Independent Financial Group LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the first quarter, HoldingsChannel reports. The fund acquired 7,056 shares of the company’s stock, valued at approximately $569,000.

Other institutional investors have also added to or reduced their stakes in the company. Greenwood Capital Associates LLC grew its holdings in shares of Avantis Emerging Markets Equity ETF by 24.5% during the 4th quarter. Greenwood Capital Associates LLC now owns 50,241 shares of the company’s stock worth $3,870,000 after acquiring an additional 9,895 shares during the period. ACT Advisors LLC. lifted its stake in shares of Avantis Emerging Markets Equity ETF by 3.4% in the 4th quarter. ACT Advisors LLC. now owns 307,508 shares of the company’s stock valued at $23,684,000 after purchasing an additional 10,245 shares during the period. CoreCap Advisors LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF by 38.8% in the 4th quarter. CoreCap Advisors LLC now owns 50,065 shares of the company’s stock valued at $3,856,000 after purchasing an additional 13,998 shares during the period. Armstrong Fleming & Moore Inc boosted its position in shares of Avantis Emerging Markets Equity ETF by 16.0% during the fourth quarter. Armstrong Fleming & Moore Inc now owns 233,841 shares of the company’s stock valued at $18,010,000 after purchasing an additional 32,228 shares in the last quarter. Finally, Echo Wealth Management LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 31.1% during the fourth quarter. Echo Wealth Management LLC now owns 102,188 shares of the company’s stock valued at $7,871,000 after purchasing an additional 24,256 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Down 0.1%

Shares of AVEM stock opened at $91.59 on Thursday. The business’s fifty day moving average is $94.39 and its 200 day moving average is $88.16. The stock has a market cap of $25.51 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a twelve month low of $68.27 and a twelve month 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.