Morton Brown Family Wealth LLC Has $24.09 Million Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Morton Brown Family Wealth LLC boosted its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 409,751 shares of the company’s stock after purchasing an additional 20,179 shares during the quarter. Avantis Emerging Markets Equity ETF comprises 8.4% of Morton Brown Family Wealth LLC’s investment portfolio, making the stock its 2nd biggest position. Morton Brown Family Wealth LLC owned 0.46% of Avantis Emerging Markets Equity ETF worth $24,089,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Evanson Asset Management LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 2.2% during the 4th quarter. Evanson Asset Management LLC now owns 8,774 shares of the company’s stock worth $516,000 after buying an additional 187 shares during the last quarter. Orion Capital Management LLC raised its stake in Avantis Emerging Markets Equity ETF by 2.1% during the third quarter. Orion Capital Management LLC now owns 10,007 shares of the company’s stock worth $646,000 after acquiring an additional 204 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 4.1% in the fourth quarter. Truist Financial Corp now owns 5,725 shares of the company’s stock worth $337,000 after acquiring an additional 224 shares during the last quarter. Atlas Brown Inc. lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 7.0% in the fourth quarter. Atlas Brown Inc. now owns 3,857 shares of the company’s stock worth $227,000 after acquiring an additional 254 shares during the last quarter. Finally, Telos Capital Management Inc. grew its holdings in shares of Avantis Emerging Markets Equity ETF by 2.5% during the 4th quarter. Telos Capital Management Inc. now owns 10,960 shares of the company’s stock valued at $644,000 after purchasing an additional 265 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA:AVEM opened at $61.16 on Tuesday. Avantis Emerging Markets Equity ETF has a 52-week low of $55.65 and a 52-week high of $66.31. The company has a market capitalization of $5.47 billion, a PE ratio of 9.91 and a beta of 0.88. The company has a fifty day moving average of $59.60 and a 200-day moving average of $61.15.

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.