Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Position Raised by ZRC Wealth Management LLC

ZRC Wealth Management LLC boosted its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 2.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 60,299 shares of the company’s stock after purchasing an additional 1,423 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for about 1.7% of ZRC Wealth Management LLC’s portfolio, making the stock its 11th biggest position. ZRC Wealth Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $3,495,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Tandem Wealth Advisors LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF in the 4th quarter worth approximately $25,000. TD Capital Management LLC acquired a new position in Avantis Emerging Markets Equity ETF in the fourth quarter worth approximately $25,000. Principal Securities Inc. bought a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at $31,000. Westside Investment Management Inc. lifted its position in shares of Avantis Emerging Markets Equity ETF by 740.0% during the 4th quarter. Westside Investment Management Inc. now owns 840 shares of the company’s stock valued at $47,000 after acquiring an additional 740 shares during the last quarter. Finally, Able Wealth Management LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF during the 4th quarter worth $75,000.

Avantis Emerging Markets Equity ETF Trading Up 1.4 %

Shares of NYSEARCA AVEM traded up $0.87 during mid-day trading on Thursday, reaching $62.23. The company had a trading volume of 630,063 shares, compared to its average volume of 337,526. The company has a 50-day moving average price of $60.89 and a two-hundred day moving average price of $58.01. The stock has a market cap of $5.57 billion, a PE ratio of 9.91 and a beta of 0.88. Avantis Emerging Markets Equity ETF has a 1-year low of $50.65 and a 1-year high of $62.55.

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.