Prosperity Planning Inc. Boosts Stock Holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Prosperity Planning Inc. increased its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 122,308 shares of the company’s stock after buying an additional 3,106 shares during the period. Avantis Emerging Markets Equity ETF accounts for 2.3% of Prosperity Planning Inc.’s holdings, making the stock its 13th biggest position. Prosperity Planning Inc. owned about 0.14% of Avantis Emerging Markets Equity ETF worth $7,190,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AVEM. Iron Horse Wealth Management LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth approximately $28,000. Northwest Investment Counselors LLC acquired a new position in Avantis Emerging Markets Equity ETF during the third quarter worth $37,000. City State Bank purchased a new position in Avantis Emerging Markets Equity ETF during the third quarter valued at $45,000. Brown Lisle Cummings Inc. acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter valued at about $82,000. Finally, Nemes Rush Group LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 68.1% during the second quarter. Nemes Rush Group LLC now owns 1,787 shares of the company’s stock worth $109,000 after purchasing an additional 724 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 0.7 %

AVEM stock opened at $58.82 on Tuesday. Avantis Emerging Markets Equity ETF has a 12-month low of $53.21 and a 12-month high of $66.31. The business’s 50-day moving average is $60.12 and its 200 day moving average is $61.40. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88.

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.