Hamilton Point Investment Advisors LLC Makes New Investment in Avantis Emerging Markets Equity ETF $AVEM

Hamilton Point Investment Advisors LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 119,980 shares of the company’s stock, valued at approximately $9,668,000. Avantis Emerging Markets Equity ETF makes up about 1.5% of Hamilton Point Investment Advisors LLC’s investment portfolio, making the stock its 18th biggest position.

A number of other hedge funds have also modified their holdings of the company. Prospect Financial Group LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 3.1% during the 1st quarter. Prospect Financial Group LLC now owns 28,692 shares of the company’s stock valued at $2,312,000 after purchasing an additional 862 shares during the period. Bauman Advisory Group LLC bought a new position in Avantis Emerging Markets Equity ETF in the 1st quarter worth $2,134,000. Independent Financial Group LLC bought a new position in Avantis Emerging Markets Equity ETF in the 1st quarter worth $569,000. Wealthfront Advisers LLC increased its stake in Avantis Emerging Markets Equity ETF by 6.1% in the 1st quarter. Wealthfront Advisers LLC now owns 19,775 shares of the company’s stock worth $1,593,000 after buying an additional 1,136 shares in the last quarter. Finally, D.A. Davidson & CO. purchased a new stake in Avantis Emerging Markets Equity ETF in the 1st quarter worth $621,000.

Avantis Emerging Markets Equity ETF Stock Down 1.3%

NYSEARCA:AVEM opened at $89.26 on Friday. The business’s 50-day simple moving average is $94.61 and its two-hundred day simple moving average is $87.79. Avantis Emerging Markets Equity ETF has a 52 week low of $68.27 and a 52 week high of $100.83. The stock has a market cap of $24.86 billion, a PE 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.