ZRC Wealth Management LLC Acquires 1,423 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

ZRC Wealth Management LLC increased its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 2.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,299 shares of the company’s stock after buying an additional 1,423 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for about 1.7% of ZRC Wealth Management LLC’s investment portfolio, making the stock its 11th largest position. ZRC Wealth Management LLC owned approximately 0.07% of Avantis Emerging Markets Equity ETF worth $3,495,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV boosted its stake in Avantis Emerging Markets Equity ETF by 56.5% during the third quarter. Mercer Global Advisors Inc. ADV now owns 5,513,693 shares of the company’s stock valued at $291,068,000 after buying an additional 1,990,140 shares during the last quarter. Savant Capital LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 10.7% during the 4th quarter. Savant Capital LLC now owns 12,270,330 shares of the company’s stock valued at $691,924,000 after acquiring an additional 1,185,965 shares during the last quarter. Haverford Trust Co increased its position in Avantis Emerging Markets Equity ETF by 61.9% in the fourth quarter. Haverford Trust Co now owns 2,194,665 shares of the company’s stock worth $123,757,000 after purchasing an additional 839,454 shares during the last quarter. Summit Financial Strategies Inc. purchased a new stake in Avantis Emerging Markets Equity ETF during the fourth quarter valued at $38,549,000. Finally, Wells Fargo & Company MN lifted its position in Avantis Emerging Markets Equity ETF by 199.3% during the fourth quarter. Wells Fargo & Company MN now owns 992,458 shares of the company’s stock valued at $55,965,000 after purchasing an additional 660,865 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of Avantis Emerging Markets Equity ETF stock traded up $0.87 during trading hours on Thursday, reaching $62.23. The company’s stock had a trading volume of 630,063 shares, compared to its average volume of 337,526. The firm has a 50 day moving average price of $60.89 and a 200-day moving average price of $58.01. The stock has a market cap of $5.57 billion, a P/E ratio of 9.91 and a beta of 0.88. Avantis Emerging Markets Equity ETF has a one year low of $50.65 and a one year high of $62.55.

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.