Riverchase Wealth Management LLC Invests $281,000 in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Riverchase Wealth Management LLC acquired a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,678 shares of the company’s stock, valued at approximately $281,000.

Several other institutional investors have also recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its stake in shares of Avantis Emerging Markets Equity ETF by 0.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 15,030,769 shares of the company’s stock worth $904,401,000 after purchasing an additional 115,249 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in shares of Avantis Emerging Markets Equity ETF in the 4th quarter worth approximately $471,967,000. Cerity Partners LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF by 4.6% in the 1st quarter. Cerity Partners LLC now owns 2,295,240 shares of the company’s stock worth $138,105,000 after purchasing an additional 100,298 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Avantis Emerging Markets Equity ETF by 40.0% in the 4th quarter. Wells Fargo & Company MN now owns 2,061,263 shares of the company’s stock worth $121,182,000 after purchasing an additional 589,303 shares during the period. Finally, American Century Companies Inc. raised its stake in Avantis Emerging Markets Equity ETF by 27.7% during the 4th quarter. American Century Companies Inc. now owns 1,777,291 shares of the company’s stock worth $104,487,000 after acquiring an additional 385,780 shares during the period.

Avantis Emerging Markets Equity ETF Trading Up 0.3%

NYSEARCA AVEM traded up $0.23 on Friday, reaching $70.30. 40,163 shares of the stock were exchanged, compared to its average volume of 643,485. Avantis Emerging Markets Equity ETF has a one year low of $52.52 and a one year high of $70.31. The firm has a market capitalization of $11.18 billion, a PE ratio of 12.66 and a beta of 0.80. The company’s 50-day simple moving average is $66.78 and its two-hundred day simple moving average is $62.12.

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.