Brown Financial Advisors Makes New Investment in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Brown Financial Advisors bought a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 33,091 shares of the company’s stock, valued at approximately $2,022,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AVEM. Gleason Group Inc. purchased a new position in shares of Avantis Emerging Markets Equity ETF during the 2nd quarter worth approximately $33,000. CVA Family Office LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 59.7% in 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 last quarter. Bessemer Group Inc. purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the 1st quarter worth approximately $69,000. Able Wealth Management LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the 4th quarter worth approximately $75,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the 1st quarter worth approximately $78,000.

Avantis Emerging Markets Equity ETF Stock Up 0.6 %

Avantis Emerging Markets Equity ETF stock opened at $64.96 on Wednesday. The company has a market capitalization of $5.81 billion, a P/E ratio of 9.91 and a beta of 0.88. The stock’s 50 day moving average is $61.01 and its 200 day moving average is $60.46. Avantis Emerging Markets Equity ETF has a twelve month low of $50.65 and a twelve month high of $65.93.

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.