Fortis Capital Management LLC Boosts Holdings in Avantis Emerging Markets Equity ETF $AVEM

Fortis Capital Management LLC lifted its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 190.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,284 shares of the company’s stock after purchasing an additional 13,294 shares during the period. Fortis Capital Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $1,635,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in Avantis Emerging Markets Equity ETF by 6.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,329,760 shares of the company’s stock valued at $187,732,000 after buying an additional 131,390 shares during the period. HORAN Wealth LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF in the first quarter worth $14,071,000. Glenview Trust Co grew its stake in shares of Avantis Emerging Markets Equity ETF by 106.7% in the first quarter. Glenview Trust Co now owns 60,913 shares of the company’s stock worth $4,908,000 after acquiring an additional 31,443 shares in the last quarter. Madison Asset Management LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the first quarter worth $2,883,000. Finally, Maimon Wealth Management LTD. increased its position in shares of Avantis Emerging Markets Equity ETF by 12.7% during the first quarter. Maimon Wealth Management LTD. now owns 36,907 shares of the company’s stock worth $2,871,000 after acquiring an additional 4,170 shares during the period.

Avantis Emerging Markets Equity ETF Trading Up 2.7%

Shares of NYSEARCA AVEM opened at $91.70 on Wednesday. The stock has a market cap of $25.54 billion, a P/E 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 business’s fifty day simple moving average is $94.45 and its 200-day simple moving average is $88.06.

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.