Merit Financial Group LLC Buys 151,556 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Merit Financial Group LLC raised its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 21.2% in the first quarter, Holdings Channel reports. The firm owned 865,080 shares of the company’s stock after acquiring an additional 151,556 shares during the quarter. Avantis Emerging Markets Equity ETF comprises approximately 0.8% of Merit Financial Group LLC’s investment portfolio, making the stock its 29th biggest position. Merit Financial Group LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $52,052,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Minot DeBlois Advisors LLC bought a new position in Avantis Emerging Markets Equity ETF in the fourth quarter valued at approximately $26,000. Tucker Asset Management LLC bought a new position in Avantis Emerging Markets Equity ETF in the fourth quarter valued at approximately $33,000. Webster Bank N. A. bought a new position in Avantis Emerging Markets Equity ETF in the first quarter valued at approximately $46,000. Signaturefd LLC bought a new position in Avantis Emerging Markets Equity ETF in the fourth quarter valued at approximately $66,000. Finally, O Shaughnessy Asset Management LLC grew its stake in Avantis Emerging Markets Equity ETF by 30.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,254 shares of the company’s stock valued at $74,000 after purchasing an additional 291 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 0.9%

AVEM opened at $64.92 on Tuesday. Avantis Emerging Markets Equity ETF has a 12-month low of $52.52 and a 12-month high of $66.31. The stock has a market cap of $8.71 billion, a price-to-earnings ratio of 12.64 and a beta of 0.66. The business has a 50 day moving average of $60.83 and a 200-day moving average of $60.48.

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.