Riverpoint Wealth Management Holdings LLC Buys Shares of 34,219 Avantis Emerging Markets Equity ETF $AVEM

Riverpoint Wealth Management Holdings LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 34,219 shares of the company’s stock, valued at approximately $2,757,000. Avantis Emerging Markets Equity ETF comprises about 0.6% of Riverpoint Wealth Management Holdings LLC’s holdings, making the stock its 17th largest holding.

Several other large investors have also recently added to or reduced their stakes in AVEM. Winch Advisory Services LLC bought a new position in shares of Avantis Emerging Markets Equity ETF during the first quarter worth about $26,000. Rothschild Investment LLC grew its position in Avantis Emerging Markets Equity ETF by 192.7% in the 4th quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after purchasing an additional 289 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in Avantis Emerging Markets Equity ETF in the 4th quarter worth about $36,000. Hantz Financial Services Inc. raised its stake in Avantis Emerging Markets Equity ETF by 49.5% during the 4th quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock valued at $43,000 after acquiring an additional 183 shares in the last quarter. Finally, Team Financial Group LLC lifted its holdings in 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 purchasing an additional 361 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:AVEM opened at $91.00 on Tuesday. The stock has a market cap of $25.03 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. The stock’s 50 day moving average price is $94.86 and its 200 day moving average price is $87.47. Avantis Emerging Markets Equity ETF has a 12 month low of $68.27 and a 12 month high of $100.83.

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.