Kings Path Partners LLC Buys 86,811 Shares of Avantis Emerging Markets Equity ETF $AVEM

Kings Path Partners LLC purchased a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 86,811 shares of the company’s stock, valued at approximately $8,162,000. Avantis Emerging Markets Equity ETF accounts for 2.1% of Kings Path Partners LLC’s investment portfolio, making the stock its 15th largest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. USAdvisors Wealth Management LLC raised its holdings in Avantis Emerging Markets Equity ETF by 7.1% during the 3rd quarter. USAdvisors Wealth Management LLC now owns 9,870 shares of the company’s stock worth $927,000 after buying an additional 651 shares during the period. Fifth Third Securities Inc. lifted its stake in Avantis Emerging Markets Equity ETF by 9.3% during the third quarter. Fifth Third Securities Inc. now owns 24,475 shares of the company’s stock valued at $2,301,000 after buying an additional 2,075 shares in the last quarter. Innova Wealth Partners purchased a new stake in Avantis Emerging Markets Equity ETF during the third quarter valued at about $486,000. Lauterbach Financial Advisors LLC lifted its stake in Avantis Emerging Markets Equity ETF by 28.3% during the third quarter. Lauterbach Financial Advisors LLC now owns 12,194 shares of the company’s stock valued at $1,146,000 after buying an additional 2,688 shares in the last quarter. Finally, Integrated Advisors Network LLC lifted its stake in Avantis Emerging Markets Equity ETF by 9.9% during the third quarter. Integrated Advisors Network LLC now owns 32,510 shares of the company’s stock valued at $3,057,000 after buying an additional 2,928 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM opened at $89.83 on Thursday. Avantis Emerging Markets Equity ETF has a one year low of $73.79 and a one year high of $100.83. The company has a 50-day moving average of $93.97 and a two-hundred day moving average of $92.82. The stock has a market cap of $27.17 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75.

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.