Waterfront Wealth Inc. Grows Stock Holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Waterfront Wealth Inc. lifted its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 2.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,114 shares of the company’s stock after buying an additional 1,036 shares during the quarter. Avantis Emerging Markets Equity ETF makes up 0.8% of Waterfront Wealth Inc.’s holdings, making the stock its 29th largest holding. Waterfront Wealth Inc. owned 0.06% of Avantis Emerging Markets Equity ETF worth $3,123,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Citizens & Northern Corp purchased a new stake in Avantis Emerging Markets Equity ETF in the 4th quarter worth $382,000. EverSource Wealth Advisors LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 1.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 15,890 shares of the company’s stock worth $896,000 after buying an additional 228 shares during the last quarter. ORBA Wealth Advisors L.L.C. bought a new stake in shares of Avantis Emerging Markets Equity ETF in the 4th quarter worth about $3,552,000. Northwest Wealth Management LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 14.5% in the 4th quarter. Northwest Wealth Management LLC now owns 152,943 shares of the company’s stock worth $8,624,000 after buying an additional 19,332 shares during the last quarter. Finally, Cherry Tree Wealth Management LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 8.2% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 59,470 shares of the company’s stock worth $3,354,000 after buying an additional 4,484 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of Avantis Emerging Markets Equity ETF stock traded up $0.18 during trading hours on Friday, reaching $61.54. The company’s stock had a trading volume of 197,897 shares, compared to its average volume of 355,270. The firm has a 50 day moving average price of $61.05 and a 200-day moving average price of $59.75. Avantis Emerging Markets Equity ETF has a one year low of $50.65 and a one year high of $63.64. The stock has a market cap of $5.51 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.