Cannon Financial Strategists Inc. Invests $20.29 Million in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Cannon Financial Strategists Inc. acquired a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 332,080 shares of the company’s stock, valued at approximately $20,287,000. Avantis Emerging Markets Equity ETF accounts for 3.9% of Cannon Financial Strategists Inc.’s portfolio, making the stock its 7th biggest position. Cannon Financial Strategists Inc. owned approximately 0.37% of Avantis Emerging Markets Equity ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AVEM. Savant Capital LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 7.5% during the second quarter. Savant Capital LLC now owns 14,181,306 shares of the company’s stock valued at $866,336,000 after acquiring an additional 992,460 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Avantis Emerging Markets Equity ETF by 10.9% during the second quarter. Envestnet Asset Management Inc. now owns 8,162,990 shares of the company’s stock valued at $498,677,000 after acquiring an additional 803,346 shares during the period. Annex Advisory Services LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 16.3% during the first quarter. Annex Advisory Services LLC now owns 2,309,443 shares of the company’s stock valued at $133,855,000 after acquiring an additional 323,204 shares during the period. Haverford Trust Co increased its stake in shares of Avantis Emerging Markets Equity ETF by 1.7% during the first quarter. Haverford Trust Co now owns 2,232,347 shares of the company’s stock valued at $129,387,000 after acquiring an additional 37,682 shares during the period. Finally, Strategic Financial Concepts LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 7,528.9% during the second quarter. Strategic Financial Concepts LLC now owns 2,157,235 shares of the company’s stock valued at $131,785,000 after acquiring an additional 2,128,958 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA AVEM opened at $64.96 on Wednesday. Avantis Emerging Markets Equity ETF has a 12 month low of $50.65 and a 12 month high of $65.93. The firm has a market capitalization of $5.81 billion, a PE ratio of 9.91 and a beta of 0.88. The company’s 50 day simple moving average is $61.01 and its 200 day simple moving average is $60.46.

Avantis Emerging Markets Equity ETF Company 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.