Sunpointe LLC Acquires Shares of 9,510 Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Sunpointe LLC bought a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 9,510 shares of the company’s stock, valued at approximately $559,000.

Several other hedge funds and other institutional investors also recently modified their holdings of AVEM. CogentBlue Wealth Advisors LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF during the 4th quarter worth $222,000. Good Life Advisors LLC raised its stake in Avantis Emerging Markets Equity ETF by 0.9% during the fourth quarter. Good Life Advisors LLC now owns 25,706 shares of the company’s stock worth $1,511,000 after acquiring an additional 239 shares in the last quarter. Flagstar Advisors Inc. lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 2.2% in the fourth quarter. Flagstar Advisors Inc. now owns 8,247 shares of the company’s stock worth $485,000 after acquiring an additional 175 shares during the last quarter. Werba Rubin Papier Wealth Management boosted its stake in shares of Avantis Emerging Markets Equity ETF by 1.6% in the 4th quarter. Werba Rubin Papier Wealth Management now owns 162,041 shares of the company’s stock valued at $9,526,000 after purchasing an additional 2,573 shares in the last quarter. Finally, Cannon Financial Strategists Inc. grew its holdings in shares of Avantis Emerging Markets Equity ETF by 3.7% during the 4th quarter. Cannon Financial Strategists Inc. now owns 349,695 shares of the company’s stock valued at $20,559,000 after purchasing an additional 12,538 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:AVEM opened at $61.54 on Thursday. Avantis Emerging Markets Equity ETF has a one year low of $55.65 and a one year high of $66.31. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88. The firm has a 50 day simple moving average of $59.54 and a 200 day simple moving average of $61.17.

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.