Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Stake Boosted by Trellis Wealth Advisors LLC

Trellis Wealth Advisors LLC lifted its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,851 shares of the company’s stock after buying an additional 2,419 shares during the period. Avantis Emerging Markets Equity ETF makes up 2.4% of Trellis Wealth Advisors LLC’s holdings, making the stock its 10th biggest position. Trellis Wealth Advisors LLC owned 0.09% of Avantis Emerging Markets Equity ETF worth $4,694,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF by 223.6% in the third quarter. FMR LLC now owns 2,016 shares of the company’s stock worth $130,000 after buying an additional 1,393 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Avantis Emerging Markets Equity ETF during the third quarter worth about $144,000. Kestra Investment Management LLC purchased a new position in Avantis Emerging Markets Equity ETF during the fourth quarter worth about $159,000. MBE Wealth Management LLC purchased a new position in Avantis Emerging Markets Equity ETF during the fourth quarter worth about $204,000. Finally, Gladstone Institutional Advisory LLC purchased a new position in Avantis Emerging Markets Equity ETF during the third quarter worth about $205,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM stock opened at $61.58 on Friday. The firm’s 50-day moving average is $59.54 and its two-hundred day moving average is $61.21. Avantis Emerging Markets Equity ETF has a 12 month low of $55.65 and a 12 month high of $66.31. The company has a market capitalization of $5.51 billion, a PE ratio of 9.91 and a beta of 0.88.

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.