Gradient Investments LLC Grows Stake in Avantis Emerging Markets Equity ETF $AVEM

Gradient Investments LLC lifted its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,105,369 shares of the company’s stock after purchasing an additional 34,706 shares during the quarter. Avantis Emerging Markets Equity ETF comprises approximately 1.4% of Gradient Investments LLC’s portfolio, making the stock its 17th largest holding. Gradient Investments LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $85,135,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Grove Bank & Trust increased its stake in Avantis Emerging Markets Equity ETF by 6.7% in the 4th quarter. Grove Bank & Trust now owns 69,784 shares of the company’s stock worth $5,375,000 after acquiring an additional 4,409 shares during the last quarter. Wedmont Private Capital grew its holdings in shares of Avantis Emerging Markets Equity ETF by 4.0% during the fourth quarter. Wedmont Private Capital now owns 54,412 shares of the company’s stock worth $4,338,000 after purchasing an additional 2,098 shares in the last quarter. Signet Financial Management LLC raised its stake in Avantis Emerging Markets Equity ETF by 3.5% in the fourth quarter. Signet Financial Management LLC now owns 131,786 shares of the company’s stock valued at $10,150,000 after purchasing an additional 4,484 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC raised its stake in Avantis Emerging Markets Equity ETF by 21.6% in the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 58,492 shares of the company’s stock valued at $4,505,000 after purchasing an additional 10,381 shares in the last quarter. Finally, Choice Wealth Advisors LLC lifted its position in Avantis Emerging Markets Equity ETF by 2.4% during the fourth quarter. Choice Wealth Advisors LLC now owns 136,779 shares of the company’s stock valued at $10,535,000 after purchasing an additional 3,259 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

AVEM stock opened at $79.02 on Monday. The firm has a 50 day simple moving average of $83.93 and a two-hundred day simple moving average of $78.98. The stock has a market cap of $17.46 billion, a PE ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a one year low of $52.52 and a one year high of $89.75.

Avantis Emerging Markets Equity ETF Company 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.