Waterfront Wealth Inc. Boosts Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

Waterfront Wealth Inc. lifted its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 20.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,084 shares of the company’s stock after acquiring an additional 12,052 shares during the quarter. Avantis Emerging Markets Equity ETF makes up approximately 1.1% of Waterfront Wealth Inc.’s portfolio, making the stock its 20th largest position. Waterfront Wealth Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $5,728,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of Avantis Emerging Markets Equity ETF by 4.9% during the third quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock valued at $1,382,953,000 after purchasing an additional 867,710 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in Avantis Emerging Markets Equity ETF by 4.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock worth $741,503,000 after purchasing an additional 418,018 shares in the last quarter. Align Financial LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the 4th quarter valued at about $528,227,000. Wells Fargo & Company MN increased its stake in Avantis Emerging Markets Equity ETF by 17.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock valued at $437,145,000 after buying an additional 837,069 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Avantis Emerging Markets Equity ETF by 12.6% during the 4th quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock worth $435,908,000 after buying an additional 631,367 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 0.8%

Avantis Emerging Markets Equity ETF stock opened at $93.97 on Friday. Avantis Emerging Markets Equity ETF has a 52 week low of $68.27 and a 52 week high of $100.83. The company’s 50 day moving average price is $94.74 and its two-hundred day moving average price is $87.25. The stock has a market cap of $25.79 billion, a P/E ratio of 12.66 and a beta of 0.73.

Avantis Emerging Markets Equity ETF 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.