B. Riley Wealth Advisors Inc. Invests $657,000 in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

B. Riley Wealth Advisors Inc. bought a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,763 shares of the company’s stock, valued at approximately $657,000.

Other hedge funds also recently made changes to their positions in the company. Gateway Wealth Partners LLC increased its stake in Avantis Emerging Markets Equity ETF by 27.4% in the second quarter. Gateway Wealth Partners LLC now owns 43,684 shares of the company’s stock valued at $2,669,000 after acquiring an additional 9,384 shares during the last quarter. NewEdge Advisors LLC increased its stake in Avantis Emerging Markets Equity ETF by 111.3% in the second quarter. NewEdge Advisors LLC now owns 29,706 shares of the company’s stock valued at $1,815,000 after acquiring an additional 15,649 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Avantis Emerging Markets Equity ETF by 6.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,419,688 shares of the company’s stock valued at $86,729,000 after acquiring an additional 91,009 shares during the last quarter. Silver Lake Advisory LLC bought a new position in Avantis Emerging Markets Equity ETF in the second quarter valued at approximately $452,000. Finally, Nemes Rush Group LLC boosted its position in Avantis Emerging Markets Equity ETF by 68.1% in the second quarter. Nemes Rush Group LLC now owns 1,787 shares of the company’s stock valued at $109,000 after buying an additional 724 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of Avantis Emerging Markets Equity ETF stock opened at $65.76 on Friday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $50.65 and a fifty-two week high of $66.12. The firm has a market capitalization of $5.89 billion, a P/E ratio of 9.91 and a beta of 0.88. The company’s 50 day moving average price is $61.35 and its two-hundred day moving average price is $60.61.

About Avantis Emerging Markets Equity ETF

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.