Stonehearth Capital Management LLC Invests $5.52 Million in Avantis Emerging Markets Equity ETF $AVEM

Stonehearth Capital Management LLC bought a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 71,679 shares of the company’s stock, valued at approximately $5,521,000. Avantis Emerging Markets Equity ETF accounts for about 2.0% of Stonehearth Capital Management LLC’s portfolio, making the stock its 12th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in the business. Parsons Capital Management Inc. RI raised its stake in Avantis Emerging Markets Equity ETF by 116.7% during the 4th quarter. Parsons Capital Management Inc. RI now owns 10,343 shares of the company’s stock valued at $797,000 after acquiring an additional 5,571 shares in the last quarter. Mayflower Financial Advisors LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 90.0% in the fourth quarter. Mayflower Financial Advisors LLC now owns 50,144 shares of the company’s stock worth $3,862,000 after purchasing an additional 23,755 shares in the last quarter. Define Financial LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 0.6% during the fourth quarter. Define Financial LLC now owns 149,306 shares of the company’s stock valued at $11,500,000 after purchasing an additional 888 shares during the period. Signal Advisors Wealth LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 4.5% during the fourth quarter. Signal Advisors Wealth LLC now owns 22,759 shares of the company’s stock valued at $1,753,000 after purchasing an additional 985 shares during the period. Finally, FFG Retirement Advisors LLC raised its stake in shares of Avantis Emerging Markets Equity ETF by 188.1% during the fourth quarter. FFG Retirement Advisors LLC now owns 12,669 shares of the company’s stock valued at $976,000 after purchasing an additional 8,271 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Down 3.4%

Shares of NYSEARCA AVEM opened at $78.73 on Friday. The stock has a market cap of $17.40 billion, a P/E ratio of 12.66 and a beta of 0.68. The firm’s 50-day simple moving average is $83.88 and its 200 day simple moving average is $79.12. Avantis Emerging Markets Equity ETF has a fifty-two week low of $52.52 and a fifty-two week high of $89.75.

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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.