24,987 Shares in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Purchased by Magnolia Private Wealth LLC

Magnolia Private Wealth LLC bought a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,987 shares of the company’s stock, valued at approximately $1,469,000. Avantis Emerging Markets Equity ETF comprises approximately 0.8% of Magnolia Private Wealth LLC’s portfolio, making the stock its 20th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of AVEM. FMR LLC lifted 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 purchasing an additional 1,393 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter valued at $144,000. Kestra Investment Management LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF during the 4th quarter valued at $159,000. MBE Wealth Management LLC bought a new position in shares of Avantis Emerging Markets Equity ETF during the 4th quarter worth $204,000. Finally, Gladstone Institutional Advisory LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the 3rd quarter worth about $205,000.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of Avantis Emerging Markets Equity ETF stock opened at $60.89 on Wednesday. The stock has a market capitalization of $5.45 billion, a P/E ratio of 9.91 and a beta of 0.88. Avantis Emerging Markets Equity ETF has a 52-week low of $55.65 and a 52-week high of $66.31. The stock’s 50-day simple moving average is $59.54 and its 200 day simple moving average is $61.28.

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.