Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Shares Acquired by Waterfront Wealth Inc.

Waterfront Wealth Inc. lifted its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 2.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,192 shares of the company’s stock after acquiring an additional 1,149 shares during the quarter. Waterfront Wealth Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $3,127,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. FMR LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 223.6% in the 3rd quarter. FMR LLC now owns 2,016 shares of the company’s stock valued at $130,000 after acquiring an additional 1,393 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter valued at approximately $144,000. Kestra Investment Management LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the 4th quarter valued at approximately $159,000. Index Fund Advisors Inc. purchased a new stake in Avantis Emerging Markets Equity ETF in the 3rd quarter worth approximately $201,000. Finally, Gladstone Institutional Advisory LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter valued at $205,000.

Avantis Emerging Markets Equity ETF Stock Up 0.7 %

Shares of NYSEARCA:AVEM opened at $61.95 on Friday. The firm has a fifty day moving average of $59.54 and a two-hundred day moving average of $61.18. The firm has a market capitalization of $5.54 billion, a P/E ratio of 9.91 and a beta of 0.88. Avantis Emerging Markets Equity ETF has a 12-month low of $55.65 and a 12-month high of $66.31.

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.