Allodium Investment Consultants LLC Acquires New Shares in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Allodium Investment Consultants LLC purchased a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 16,197 shares of the company’s stock, valued at approximately $952,000. Avantis Emerging Markets Equity ETF makes up approximately 0.8% of Allodium Investment Consultants LLC’s investment portfolio, making the stock its 26th largest holding.

A number of other hedge funds also recently made changes to their positions in AVEM. FMR LLC boosted its position in Avantis Emerging Markets Equity ETF by 223.6% in the third quarter. FMR LLC now owns 2,016 shares of the company’s stock valued at $130,000 after buying an additional 1,393 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter valued at $144,000. Kestra Investment Management LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the fourth quarter valued at about $159,000. Gladstone Institutional Advisory LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the third quarter valued at about $205,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the third quarter valued at about $210,000.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA:AVEM opened at $61.58 on Friday. The firm’s 50 day simple moving average is $59.54 and its 200 day simple moving average is $61.24. Avantis Emerging Markets Equity ETF has a one year low of $55.65 and a one year high of $66.31. The company has a market cap of $5.51 billion, a PE ratio of 9.91 and a beta of 0.88.

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.