Stone Point Wealth LLC Invests $2.01 Million in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Stone Point Wealth LLC bought a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 31,082 shares of the company’s stock, valued at approximately $2,008,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AVEM. Strategic Financial Concepts LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 7,528.9% in the second quarter. Strategic Financial Concepts LLC now owns 2,157,235 shares of the company’s stock worth $131,785,000 after buying an additional 2,128,958 shares during the period. Savant Capital LLC lifted its stake in Avantis Emerging Markets Equity ETF by 7.5% in the second quarter. Savant Capital LLC now owns 14,181,306 shares of the company’s stock valued at $866,336,000 after acquiring an additional 992,460 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Avantis Emerging Markets Equity ETF by 10.9% in the second quarter. Envestnet Asset Management Inc. now owns 8,162,990 shares of the company’s stock worth $498,677,000 after acquiring an additional 803,346 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 90.9% during the 1st quarter. Jane Street Group LLC now owns 908,457 shares of the company’s stock worth $52,654,000 after purchasing an additional 432,514 shares during the last quarter. Finally, Cannon Financial Strategists Inc. bought a new position in shares of Avantis Emerging Markets Equity ETF during the 2nd quarter valued at $20,287,000.

Avantis Emerging Markets Equity ETF Stock Down 0.9 %

Shares of AVEM stock opened at $63.80 on Friday. Avantis Emerging Markets Equity ETF has a 12 month low of $52.68 and a 12 month high of $66.31. The business’s 50 day moving average is $62.91 and its two-hundred day moving average is $61.55. The company has a market cap of $5.71 billion, a PE ratio of 9.91 and a beta of 0.88.

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.