Transcendent Capital Group LLC Purchases New Shares in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Transcendent Capital Group LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 40,803 shares of the company’s stock, valued at approximately $2,301,000. Avantis Emerging Markets Equity ETF accounts for 1.5% of Transcendent Capital Group LLC’s holdings, making the stock its 24th biggest position. Transcendent Capital Group LLC owned approximately 0.06% of Avantis Emerging Markets Equity ETF at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AVEM. Tandem Wealth Advisors LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter worth about $25,000. TD Capital Management LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter worth about $25,000. Principal Securities Inc. purchased a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter worth about $31,000. Westside Investment Management Inc. lifted its stake in shares of Avantis Emerging Markets Equity ETF by 740.0% in the fourth quarter. Westside Investment Management Inc. now owns 840 shares of the company’s stock worth $47,000 after buying an additional 740 shares in the last quarter. Finally, Able Wealth Management LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter worth about $75,000.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA:AVEM traded up $0.06 during midday trading on Friday, hitting $61.19. The company’s stock had a trading volume of 186,122 shares, compared to its average volume of 334,246. The business’s 50 day simple moving average is $59.89 and its 200 day simple moving average is $57.44. The company has a market cap of $5.48 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 $50.65 and a 12-month high of $62.55.

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.