Exchange Traded Concepts LLC Buys Shares of 208,348 Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Exchange Traded Concepts LLC purchased a new position 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 Securities & Exchange Commission. The institutional investor purchased 208,348 shares of the company’s stock, valued at approximately $12,249,000. Exchange Traded Concepts LLC owned approximately 0.23% of Avantis Emerging Markets Equity ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AVEM. FMR LLC raised its holdings in Avantis Emerging Markets Equity ETF by 223.6% in the third quarter. FMR LLC now owns 2,016 shares of the company’s stock valued at $130,000 after acquiring an additional 1,393 shares in the last quarter. Sterneck Capital Management LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 17.6% in the 3rd quarter. Sterneck Capital Management LLC now owns 51,648 shares of the company’s stock valued at $3,336,000 after purchasing an additional 7,737 shares in the last quarter. Annandale Capital LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 33.8% during the 2nd quarter. Annandale Capital LLC now owns 62,899 shares of the company’s stock worth $3,842,000 after purchasing an additional 15,876 shares during the last quarter. Raymond James & Associates grew its stake in shares of Avantis Emerging Markets Equity ETF by 123.1% during the third quarter. Raymond James & Associates now owns 190,732 shares of the company’s stock worth $12,321,000 after purchasing an additional 105,243 shares in the last quarter. Finally, DBK Financial Counsel LLC increased its holdings in Avantis Emerging Markets Equity ETF by 3.0% in the third quarter. DBK Financial Counsel LLC now owns 10,178 shares of the company’s stock valued at $657,000 after buying an additional 300 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

AVEM stock opened at $59.66 on Friday. The company’s 50 day moving average is $60.05 and its two-hundred day moving average is $61.35. Avantis Emerging Markets Equity ETF has a twelve month low of $54.33 and a twelve month high of $66.31. The stock has a market cap of $5.34 billion, a P/E ratio of 9.91 and a beta of 0.88.

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.