Fortress Financial Solutions LLC Invests $514,000 in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Fortress Financial Solutions LLC acquired 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 Form 13F filing with the SEC. The firm acquired 8,736 shares of the company’s stock, valued at approximately $514,000. Avantis Emerging Markets Equity ETF makes up 0.7% of Fortress Financial Solutions LLC’s portfolio, making the stock its 28th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Iron Horse Wealth Management LLC bought a new position in shares of Avantis Emerging Markets Equity ETF during the third quarter valued at $28,000. Northwest Investment Counselors LLC acquired a new stake in Avantis Emerging Markets Equity ETF in the third quarter valued at $37,000. Brown Lisle Cummings Inc. bought a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter worth $82,000. FMR LLC lifted its holdings in Avantis Emerging Markets Equity ETF by 223.6% during the 3rd quarter. FMR LLC now owns 2,016 shares of the company’s stock worth $130,000 after buying an additional 1,393 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter valued at about $144,000.

Avantis Emerging Markets Equity ETF Trading Down 0.3 %

Shares of AVEM stock opened at $60.22 on Wednesday. Avantis Emerging Markets Equity ETF has a 1-year low of $55.00 and a 1-year high of $66.31. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88. The stock has a 50-day moving average of $59.69 and a 200-day moving average of $61.14.

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.