Mission Wealth Management LP Decreases Stake in Avantis Emerging Markets Equity ETF $AVEM

Mission Wealth Management LP reduced its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 529,756 shares of the company’s stock after selling 9,964 shares during the period. Avantis Emerging Markets Equity ETF accounts for about 0.8% of Mission Wealth Management LP’s investment portfolio, making the stock its 20th biggest position. Mission Wealth Management LP owned about 0.24% of Avantis Emerging Markets Equity ETF worth $40,802,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Team Financial Group LLC lifted its position in shares of 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 buying an additional 361 shares in the last quarter. MeadowBrook Investment Advisors LLC purchased a new stake in Avantis Emerging Markets Equity ETF during the fourth quarter valued at approximately $65,000. LGT Financial Advisors LLC purchased a new stake in Avantis Emerging Markets Equity ETF during the third quarter valued at approximately $78,000. Spire Wealth Management raised its position in Avantis Emerging Markets Equity ETF by 43.4% during the fourth quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock valued at $83,000 after purchasing an additional 326 shares during the period. Finally, TD Waterhouse Canada Inc. purchased a new stake in Avantis Emerging Markets Equity ETF during the third quarter valued at approximately $91,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM stock opened at $91.88 on Monday. Avantis Emerging Markets Equity ETF has a 1 year low of $63.91 and a 1 year high of $96.07. The stock’s 50 day simple moving average is $85.87 and its two-hundred day simple moving average is $82.19. The company has a market cap of $23.96 billion, a PE ratio of 12.66 and a beta of 0.72.

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.