Newport Capital Group LLC Buys 34,906 Shares of Avantis Emerging Markets Equity ETF $AVEM

Newport Capital Group LLC bought a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 34,906 shares of the company’s stock, valued at approximately $3,279,000. Avantis Emerging Markets Equity ETF comprises about 2.2% of Newport Capital Group LLC’s holdings, making the stock its 17th largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Winch Advisory Services LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the first quarter valued at $26,000. JFS Wealth Advisors LLC boosted its stake in Avantis Emerging Markets Equity ETF by 67.3% in the second quarter. JFS Wealth Advisors LLC now owns 276 shares of the company’s stock valued at $27,000 after acquiring an additional 111 shares in the last quarter. Glenmede Trust Co. NA purchased a new position in shares of Avantis Emerging Markets Equity ETF during the first quarter worth about $31,000. Investors Research Corp purchased a new position in shares of Avantis Emerging Markets Equity ETF during the third quarter worth about $39,000. Finally, First Community Trust NA grew its holdings in shares of Avantis Emerging Markets Equity ETF by 136.9% during the second quarter. First Community Trust NA now owns 443 shares of the company’s stock worth $43,000 after purchasing an additional 256 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM traded down $1.51 during midday trading on Friday, reaching $88.89. 1,826,190 shares of the stock were exchanged, compared to its average volume of 1,913,981. The business’s 50-day moving average price is $94.14 and its 200 day moving average price is $92.53. Avantis Emerging Markets Equity ETF has a twelve month low of $73.79 and a twelve month high of $100.83. The company has a market capitalization of $26.87 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75.

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.