Avantis Emerging Markets Equity ETF $AVEM is McLean Asset Management Corp’s 4th Largest Position

McLean Asset Management Corp raised its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 5.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 491,761 shares of the company’s stock after acquiring an additional 26,541 shares during the quarter. Avantis Emerging Markets Equity ETF makes up approximately 6.9% of McLean Asset Management Corp’s portfolio, making the stock its 4th biggest position. McLean Asset Management Corp’s holdings in Avantis Emerging Markets Equity ETF were worth $39,626,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Rothschild Investment LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF by 192.7% in the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock valued at $34,000 after purchasing an additional 289 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in Avantis Emerging Markets Equity ETF during the 4th quarter worth approximately $36,000. Hantz Financial Services Inc. boosted its position in Avantis Emerging Markets Equity ETF by 49.5% in the 4th quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock valued at $43,000 after buying an additional 183 shares during the period. Team Financial Group LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 184.2% in the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock worth $43,000 after acquiring an additional 361 shares in the last quarter. Finally, Motiv8 Investments LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the fourth quarter worth $47,000.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA AVEM opened at $94.40 on Monday. The stock has a market cap of $24.62 billion, a P/E ratio of 12.66 and a beta of 0.73. The business’s fifty day simple moving average is $93.86 and its 200-day simple moving average is $86.12. Avantis Emerging Markets Equity ETF has a 12-month low of $68.00 and a 12-month high of $100.83.

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.