Avantis Emerging Markets Equity ETF $AVEM Stake Raised by Pacific Excel Wealth Advisors Inc.

Pacific Excel Wealth Advisors Inc. increased its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1,268.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 101,232 shares of the company’s stock after buying an additional 93,835 shares during the quarter. Avantis Emerging Markets Equity ETF comprises approximately 3.8% of Pacific Excel Wealth Advisors Inc.’s investment portfolio, making the stock its 3rd largest holding. Pacific Excel Wealth Advisors Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $9,768,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc boosted its holdings in Avantis Emerging Markets Equity ETF by 0.4% in the fourth quarter. IFP Advisors Inc now owns 28,429 shares of the company’s stock valued at $2,190,000 after purchasing an additional 120 shares during the last quarter. Investmark Advisory Group LLC raised its stake in shares of Avantis Emerging Markets Equity ETF by 1.8% during the 4th quarter. Investmark Advisory Group LLC now owns 6,712 shares of the company’s stock valued at $517,000 after buying an additional 121 shares during the last quarter. BLVD Private Wealth LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 0.6% in the 4th quarter. BLVD Private Wealth LLC now owns 22,285 shares of the company’s stock valued at $1,716,000 after buying an additional 140 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 11.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,356 shares of the company’s stock valued at $104,000 after buying an additional 140 shares during the period. Finally, Pathstone Holdings LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF by 0.7% in the third quarter. Pathstone Holdings LLC now owns 22,116 shares of the company’s stock worth $1,661,000 after buying an additional 144 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 2.6%

Shares of AVEM stock opened at $92.60 on Wednesday. The stock has a 50 day moving average of $93.75 and a 200 day moving average of $88.76. The stock has a market cap of $26.35 billion, a P/E ratio of 12.66 and a beta of 0.74. Avantis Emerging Markets Equity ETF has a twelve month low of $69.37 and a twelve 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.