Executive Wealth Management LLC Makes New Investment in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Executive Wealth Management LLC bought a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 3rd quarter, Holdings Channel reports. The fund bought 258,732 shares of the company’s stock, valued at approximately $16,714,000. Avantis Emerging Markets Equity ETF accounts for approximately 1.3% of Executive Wealth Management LLC’s portfolio, making the stock its 19th largest holding.

Several other institutional investors also recently made changes to their positions in AVEM. Strategic Financial Concepts LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 7,528.9% during the 2nd quarter. Strategic Financial Concepts LLC now owns 2,157,235 shares of the company’s stock worth $131,785,000 after purchasing an additional 2,128,958 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Avantis Emerging Markets Equity ETF by 380.2% during the 3rd quarter. Jane Street Group LLC now owns 1,421,298 shares of the company’s stock worth $91,816,000 after buying an additional 1,125,300 shares during the last quarter. Savant Capital LLC raised its stake in shares of Avantis Emerging Markets Equity ETF by 7.5% during the 2nd quarter. Savant Capital LLC now owns 14,181,306 shares of the company’s stock worth $866,336,000 after buying an additional 992,460 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Avantis Emerging Markets Equity ETF by 10.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,162,990 shares of the company’s stock worth $498,677,000 after buying an additional 803,346 shares during the last quarter. Finally, MML Investors Services LLC raised its stake in Avantis Emerging Markets Equity ETF by 270.3% in the 3rd quarter. MML Investors Services LLC now owns 941,220 shares of the company’s stock valued at $60,803,000 after purchasing an additional 687,056 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 1.7 %

Shares of AVEM stock opened at $62.91 on Tuesday. The firm has a 50-day moving average price of $62.86 and a 200 day moving average price of $61.76. Avantis Emerging Markets Equity ETF has a twelve month low of $52.72 and a twelve month high of $66.31. The company has a market capitalization of $5.63 billion, a price-to-earnings 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.