Fonville Wealth Management LLC Makes New $5.20 Million Investment in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Fonville Wealth Management LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 92,181 shares of the company’s stock, valued at approximately $5,198,000. Avantis Emerging Markets Equity ETF comprises about 2.8% of Fonville Wealth Management LLC’s portfolio, making the stock its 10th biggest position. Fonville Wealth Management LLC owned 0.14% of Avantis Emerging Markets Equity ETF at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Savant Capital LLC boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 8.7% in the 3rd quarter. Savant Capital LLC now owns 11,084,365 shares of the company’s stock valued at $585,144,000 after buying an additional 891,522 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 58.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 6,036,760 shares of the company’s stock valued at $318,681,000 after buying an additional 2,223,331 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 56.5% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 5,513,693 shares of the company’s stock valued at $291,068,000 after buying an additional 1,990,140 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 9.3% in the 3rd quarter. Morgan Stanley now owns 2,479,104 shares of the company’s stock valued at $130,872,000 after buying an additional 211,881 shares during the last quarter. Finally, Annex Advisory Services LLC boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 18.6% in the 3rd quarter. Annex Advisory Services LLC now owns 1,825,048 shares of the company’s stock valued at $96,344,000 after buying an additional 286,506 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

AVEM traded up $0.19 during trading hours on Thursday, reaching $56.69. The company’s stock had a trading volume of 395,455 shares, compared to its average volume of 354,969. Avantis Emerging Markets Equity ETF has a 52 week low of $50.65 and a 52 week high of $59.40. The company’s 50-day moving average is $57.51 and its 200-day moving average is $55.32. The firm has a market cap of $5.01 billion, a PE ratio of 9.46 and a beta of 0.80.

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.