Parkworth Wealth Management Inc. Acquires Shares of 53,189 Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Parkworth Wealth Management Inc. acquired a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 53,189 shares of the company’s stock, valued at approximately $3,127,000. Avantis Emerging Markets Equity ETF accounts for 2.6% of Parkworth Wealth Management Inc.’s portfolio, making the stock its 12th biggest position.

Several other hedge funds also recently added to or reduced their stakes in the stock. Flagstar Advisors Inc. increased its position in shares of Avantis Emerging Markets Equity ETF by 2.2% during the fourth quarter. Flagstar Advisors Inc. now owns 8,247 shares of the company’s stock worth $485,000 after acquiring an additional 175 shares during the last quarter. ORBA Wealth Advisors L.L.C. increased its position in shares of Avantis Emerging Markets Equity ETF by 0.3% during the fourth quarter. ORBA Wealth Advisors L.L.C. now owns 65,396 shares of the company’s stock worth $3,845,000 after acquiring an additional 175 shares during the last quarter. Evanson Asset Management LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 2.2% during the fourth quarter. Evanson Asset Management LLC now owns 8,774 shares of the company’s stock worth $516,000 after acquiring an additional 187 shares during the last quarter. Orion Capital Management LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 2.1% during the third quarter. Orion Capital Management LLC now owns 10,007 shares of the company’s stock worth $646,000 after acquiring an additional 204 shares during the last quarter. Finally, Truist Financial Corp increased its position in shares of Avantis Emerging Markets Equity ETF by 4.1% during the fourth quarter. Truist Financial Corp now owns 5,725 shares of the company’s stock worth $337,000 after acquiring an additional 224 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA:AVEM opened at $60.09 on Wednesday. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 11.90 and a beta of 0.78. Avantis Emerging Markets Equity ETF has a one year low of $55.65 and a one year high of $66.31. The stock has a 50-day simple moving average of $59.71 and a 200 day simple moving average of $61.21.

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.