First Ascent Asset Management LLC Has $4.03 Million Stock Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

First Ascent Asset Management LLC lifted its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 6.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 71,431 shares of the company’s stock after acquiring an additional 4,344 shares during the period. First Ascent Asset Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $4,028,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Tandem Wealth Advisors LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter worth $25,000. Westside Investment Management Inc. increased its position 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 purchasing an additional 740 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Avantis Emerging Markets Equity ETF by 75.3% in the third quarter. PNC Financial Services Group Inc. now owns 2,980 shares of the company’s stock worth $157,000 after purchasing an additional 1,280 shares during the period. GPS Wealth Strategies Group LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 6,247.9% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 3,047 shares of the company’s stock worth $172,000 after purchasing an additional 2,999 shares during the period. Finally, Lauterbach Financial Advisors LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 6.7% in the third quarter. Lauterbach Financial Advisors LLC now owns 4,383 shares of the company’s stock worth $231,000 after purchasing an additional 275 shares during the period.

Avantis Emerging Markets Equity ETF Trading Down 1.1 %

Avantis Emerging Markets Equity ETF stock traded down $0.65 during midday trading on Tuesday, reaching $58.61. The company’s stock had a trading volume of 123,608 shares, compared to its average volume of 343,761. Avantis Emerging Markets Equity ETF has a 52 week low of $50.65 and a 52 week high of $59.40. The business has a 50-day moving average price of $57.75 and a 200-day moving average price of $55.63. The stock has a market cap of $5.18 billion, a PE ratio of 9.46 and a beta of 0.80.

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.