Avantis Emerging Markets Equity ETF $AVEM Shares Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC grew its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 354.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 183,447 shares of the company’s stock after purchasing an additional 143,057 shares during the period. Axxcess Wealth Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $14,129,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Team Financial Group LLC raised its stake in Avantis Emerging Markets Equity ETF by 184.2% during the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock worth $43,000 after acquiring an additional 361 shares during the period. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at approximately $65,000. LGT Financial Advisors LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter valued at approximately $78,000. Spire Wealth Management increased its stake in shares of Avantis Emerging Markets Equity ETF by 43.4% in the fourth quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock valued at $83,000 after purchasing an additional 326 shares during the period. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter valued at approximately $91,000.

Avantis Emerging Markets Equity ETF Trading Down 0.1%

Shares of NYSEARCA:AVEM opened at $93.05 on Friday. Avantis Emerging Markets Equity ETF has a 52 week low of $63.91 and a 52 week high of $96.07. The firm has a market capitalization of $24.27 billion, a P/E ratio of 12.66 and a beta of 0.72. The firm’s 50 day moving average is $86.83 and its two-hundred day moving average is $82.66.

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.