Marietta Wealth Management LLC Acquires New Shares in Avantis Emerging Markets Equity ETF $AVEM

Marietta Wealth Management LLC acquired a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 244,424 shares of the company’s stock, valued at approximately $18,826,000. Avantis Emerging Markets Equity ETF comprises approximately 2.2% of Marietta Wealth Management LLC’s investment portfolio, making the stock its 7th biggest position. Marietta Wealth Management LLC owned about 0.11% of Avantis Emerging Markets Equity ETF as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AVEM. Breakwater Capital Group increased its stake in Avantis Emerging Markets Equity ETF by 14.8% during the 4th quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock worth $4,045,000 after acquiring an additional 6,774 shares during the period. Asempa Wealth Advisors acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 4th quarter valued at $939,000. CFS Investment Advisory Services LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter valued at $3,713,000. Centennial Wealth Advisory LLC boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 48.4% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 26,705 shares of the company’s stock valued at $2,006,000 after acquiring an additional 8,707 shares in the last quarter. Finally, ACT Advisors LLC. lifted its holdings in Avantis Emerging Markets Equity ETF by 3.4% during the 4th quarter. ACT Advisors LLC. now owns 307,508 shares of the company’s stock worth $23,684,000 after buying an additional 10,245 shares during the period.

Avantis Emerging Markets Equity ETF Trading Up 2.1%

Shares of AVEM opened at $89.82 on Thursday. The company has a market capitalization of $23.17 billion, a PE ratio of 12.66 and a beta of 0.67. Avantis Emerging Markets Equity ETF has a 12 month low of $59.47 and a 12 month high of $90.68. The stock’s 50-day moving average price is $84.29 and its two-hundred day moving average price is $80.46.

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.