Harbour Investments Inc. Grows Stock Holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Harbour Investments Inc. increased its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 264,465.7% 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 447,116 shares of the company’s stock after acquiring an additional 446,947 shares during the period. Avantis Emerging Markets Equity ETF makes up about 0.8% of Harbour Investments Inc.’s holdings, making the stock its 25th largest holding. Harbour Investments Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $26,286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. FMR LLC raised its stake 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 buying an additional 1,393 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of Avantis Emerging Markets Equity ETF by 29.4% during the fourth quarter. Private Trust Co. NA now owns 2,265 shares of the company’s stock worth $133,000 after buying an additional 515 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at approximately $144,000. Kestra Investment Management LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the 4th quarter valued at approximately $159,000. Finally, MBE Wealth Management LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the 4th quarter valued at approximately $204,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:AVEM opened at $61.48 on Friday. The business’s 50 day simple moving average is $59.82 and its 200-day simple moving average is $61.19. The firm has a market capitalization of $7.70 billion, a price-to-earnings ratio of 11.90 and a beta of 0.78. Avantis Emerging Markets Equity ETF has a 12 month low of $55.65 and a 12 month high of $66.31.

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.