Avantis Emerging Markets Equity ETF $AVEM Stock Position Raised by Lakeridge Wealth Management LLC

Lakeridge Wealth Management LLC increased its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 12.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,358 shares of the company’s stock after acquiring an additional 7,848 shares during the period. Avantis Emerging Markets Equity ETF comprises 2.6% of Lakeridge Wealth Management LLC’s investment portfolio, making the stock its 10th biggest position. Lakeridge Wealth Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $5,650,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AVEM. AQR Capital Management LLC grew its position in Avantis Emerging Markets Equity ETF by 13.2% in the 1st quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock valued at $1,336,000 after acquiring an additional 2,596 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Avantis Emerging Markets Equity ETF by 9.8% during the second quarter. Rockefeller Capital Management L.P. now owns 101,429 shares of the company’s stock worth $6,952,000 after purchasing an additional 9,050 shares in the last quarter. Passive Capital Management LLC. boosted its stake in shares of Avantis Emerging Markets Equity ETF by 2.1% in the second quarter. Passive Capital Management LLC. now owns 132,648 shares of the company’s stock valued at $9,105,000 after purchasing an additional 2,669 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Avantis Emerging Markets Equity ETF by 44.4% in the second quarter. JPMorgan Chase & Co. now owns 311,490 shares of the company’s stock valued at $21,350,000 after purchasing an additional 95,810 shares during the period. Finally, MAI Capital Management grew its holdings in shares of Avantis Emerging Markets Equity ETF by 765.3% in the second quarter. MAI Capital Management now owns 4,344 shares of the company’s stock valued at $298,000 after purchasing an additional 3,842 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM stock opened at $79.02 on Friday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $52.52 and a fifty-two week high of $89.75. The company has a 50 day moving average price of $83.93 and a 200 day moving average price of $78.87. The stock has a market capitalization of $17.46 billion, a P/E ratio of 12.66 and a beta of 0.68.

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.