Maseco LLP Buys Shares of 1,160,605 Avantis Emerging Markets Equity ETF $AVEM

Maseco LLP bought a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,160,605 shares of the company’s stock, valued at approximately $93,504,000. Avantis Emerging Markets Equity ETF accounts for 2.9% of Maseco LLP’s investment portfolio, making the stock its 10th largest holding. Maseco LLP owned about 0.46% of Avantis Emerging Markets Equity ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Asempa Wealth Advisors acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the fourth quarter worth about $939,000. Breakwater Capital Group lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 14.8% during the 4th quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock valued at $4,045,000 after purchasing an additional 6,774 shares in the last quarter. Greenwood Capital Associates LLC grew its position in shares of Avantis Emerging Markets Equity ETF by 24.5% in the 4th quarter. Greenwood Capital Associates LLC now owns 50,241 shares of the company’s stock valued at $3,870,000 after purchasing an additional 9,895 shares during the period. ACT Advisors LLC. grew its position 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. Finally, Armstrong Fleming & Moore Inc increased its stake in Avantis Emerging Markets Equity ETF by 16.0% during the 4th quarter. Armstrong Fleming & Moore Inc now owns 233,841 shares of the company’s stock worth $18,010,000 after purchasing an additional 32,228 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM stock opened at $95.62 on Friday. Avantis Emerging Markets Equity ETF has a 52 week low of $68.00 and a 52 week high of $100.83. The company’s 50 day moving average price is $93.73 and its two-hundred day moving average price is $86.00. The company has a market capitalization of $24.94 billion, a P/E ratio of 12.66 and a beta of 0.73.

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.