Avantis Emerging Markets Equity ETF $AVEM Shares Purchased by Diversified Portfolios Inc.

Diversified Portfolios Inc. boosted its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 549,538 shares of the company’s stock after acquiring an additional 46,703 shares during the period. Avantis Emerging Markets Equity ETF comprises 3.5% of Diversified Portfolios Inc.’s portfolio, making the stock its 7th largest holding. Diversified Portfolios Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $42,325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. GatePass Capital LLC acquired a new position in Avantis Emerging Markets Equity ETF during the fourth quarter worth about $344,000. Harbour Investments Inc. raised its position in Avantis Emerging Markets Equity ETF by 26.6% during the fourth quarter. Harbour Investments Inc. now owns 773,518 shares of the company’s stock worth $59,576,000 after acquiring an additional 162,493 shares during the last quarter. MSH Capital Advisors LLC acquired a new position in Avantis Emerging Markets Equity ETF during the fourth quarter worth about $289,000. RHL Group LLC acquired a new position in Avantis Emerging Markets Equity ETF during the fourth quarter worth about $97,000. Finally, Glenview Trust Co raised its position in Avantis Emerging Markets Equity ETF by 22.5% during the fourth quarter. Glenview Trust Co now owns 29,470 shares of the company’s stock worth $2,270,000 after acquiring an additional 5,421 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM opened at $93.05 on Tuesday. The stock has a market cap of $24.27 billion, a P/E ratio of 12.66 and a beta of 0.72. The company has a 50-day moving average of $87.08 and a two-hundred day moving average of $82.80. Avantis Emerging Markets Equity ETF has a 12-month low of $63.91 and a 12-month high of $96.07.

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.