Horst & Graben Wealth Management LLC Purchases 31,959 Shares of Avantis Emerging Markets Equity ETF $AVEM

Horst & Graben Wealth Management LLC increased its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 25.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,309 shares of the company’s stock after acquiring an additional 31,959 shares during the quarter. Avantis Emerging Markets Equity ETF comprises 2.0% of Horst & Graben Wealth Management LLC’s holdings, making the stock its 17th biggest position. Horst & Graben Wealth Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $13,899,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AVEM. Bank of America Corp DE grew its holdings in Avantis Emerging Markets Equity ETF by 1,271.2% in the second quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock worth $1,202,511,000 after purchasing an additional 16,265,184 shares during the last quarter. Align Financial LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the fourth quarter worth about $528,227,000. Kestra Investment Management LLC grew its position in Avantis Emerging Markets Equity ETF by 3,618.9% during the 4th quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock worth $113,646,000 after purchasing an additional 1,435,866 shares during the last quarter. Maseco LLP acquired a new position in Avantis Emerging Markets Equity ETF during the 1st quarter valued at approximately $93,504,000. Finally, LPL Financial LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF by 39.6% during the fourth quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock worth $288,100,000 after buying an additional 1,061,034 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA AVEM opened at $92.59 on Wednesday. The company has a market cap of $25.24 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. The stock’s fifty day moving average price is $94.56 and its 200 day moving average price is $86.99. Avantis Emerging Markets Equity ETF has a 1 year low of $68.27 and a 1 year 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.