NewEdge Advisors LLC Has $1.82 Million Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

NewEdge Advisors LLC boosted its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 111.3% in the second quarter, Holdings Channel reports. The institutional investor owned 29,706 shares of the company’s stock after buying an additional 15,649 shares during the period. NewEdge Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $1,815,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AVEM. Wealthstream Advisors Inc. raised its stake in shares of Avantis Emerging Markets Equity ETF by 1.2% during the second quarter. Wealthstream Advisors Inc. now owns 16,503 shares of the company’s stock valued at $1,008,000 after acquiring an additional 190 shares during the last quarter. Tillman Hartley LLC lifted its holdings in Avantis Emerging Markets Equity ETF by 1.4% during the 2nd quarter. Tillman Hartley LLC now owns 13,811 shares of the company’s stock worth $844,000 after buying an additional 190 shares during the period. CVA Family Office LLC lifted its holdings in Avantis Emerging Markets Equity ETF by 59.7% during the 2nd quarter. CVA Family Office LLC now owns 559 shares of the company’s stock worth $34,000 after buying an additional 209 shares during the period. Trellis Wealth Advisors LLC grew its position in shares of Avantis Emerging Markets Equity ETF by 0.3% in the 1st quarter. Trellis Wealth Advisors LLC now owns 79,564 shares of the company’s stock valued at $4,612,000 after buying an additional 226 shares during the last quarter. Finally, HB Wealth Management LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 1.1% in the first quarter. HB Wealth Management LLC now owns 20,704 shares of the company’s stock valued at $1,200,000 after buying an additional 234 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

Avantis Emerging Markets Equity ETF stock opened at $65.76 on Friday. The stock’s 50 day moving average is $61.35 and its 200 day moving average is $60.59. Avantis Emerging Markets Equity ETF has a one year low of $50.65 and a one year high of $66.12. The firm has a market cap of $5.89 billion, a P/E ratio of 9.91 and a beta of 0.88.

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.