Gateway Wealth Partners LLC Grows Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

Gateway Wealth Partners LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 129.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 160,483 shares of the company’s stock after purchasing an additional 90,458 shares during the quarter. Gateway Wealth Partners LLC owned 0.06% of Avantis Emerging Markets Equity ETF worth $12,932,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in AVEM. Greenwood Capital Associates LLC raised its holdings in Avantis Emerging Markets Equity ETF by 24.5% during the 4th quarter. Greenwood Capital Associates LLC now owns 50,241 shares of the company’s stock valued at $3,870,000 after buying an additional 9,895 shares during the period. ACT Advisors LLC. increased its position in Avantis Emerging Markets Equity ETF by 3.4% during the fourth quarter. ACT Advisors LLC. now owns 307,508 shares of the company’s stock valued at $23,684,000 after acquiring an additional 10,245 shares during the last quarter. Armstrong Fleming & Moore Inc raised its stake in shares of Avantis Emerging Markets Equity ETF by 16.0% in the fourth quarter. Armstrong Fleming & Moore Inc now owns 233,841 shares of the company’s stock valued at $18,010,000 after acquiring an additional 32,228 shares during the period. Echo Wealth Management LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 31.1% in the 4th quarter. Echo Wealth Management LLC now owns 102,188 shares of the company’s stock worth $7,871,000 after acquiring an additional 24,256 shares during the last quarter. Finally, Financial Plan Inc. bought a new stake in shares of Avantis Emerging Markets Equity ETF in the 4th quarter worth about $36,439,000.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA:AVEM opened at $89.29 on Monday. The company has a market capitalization of $25.18 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 12 month low of $68.27 and a 12 month high of $100.83. The firm’s 50-day moving average is $94.26 and its 200 day moving average is $88.31.

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.