Great Diamond Partners LLC Invests $8.97 Million in Avantis Emerging Markets Equity ETF $AVEM

Great Diamond Partners LLC acquired a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 116,438 shares of the company’s stock, valued at approximately $8,968,000. Avantis Emerging Markets Equity ETF comprises approximately 1.7% of Great Diamond Partners LLC’s portfolio, making the stock its 11th largest position. Great Diamond Partners LLC owned approximately 0.05% of Avantis Emerging Markets Equity ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of AVEM. AQR Capital Management LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 13.2% in the first quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock worth $1,336,000 after acquiring an additional 2,596 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the second quarter worth $287,000. Diversify Advisory Services LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the second quarter worth $478,000. Diversify Wealth Management LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 20.3% in the second quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock worth $946,000 after acquiring an additional 2,244 shares during the last quarter. Finally, Quantinno Capital Management LP grew its stake in shares of Avantis Emerging Markets Equity ETF by 74.1% in the second quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock worth $1,010,000 after acquiring an additional 6,271 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 1.9%

Shares of Avantis Emerging Markets Equity ETF stock opened at $92.23 on Thursday. The company has a market cap of $24.05 billion, a price-to-earnings ratio of 12.66 and a beta of 0.72. Avantis Emerging Markets Equity ETF has a 1 year low of $63.91 and a 1 year high of $96.07. The company’s fifty day simple moving average is $86.43 and its 200-day simple moving average is $82.47.

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.