Broadway Wealth Solutions Inc. Makes New $4.06 Million Investment in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Broadway Wealth Solutions Inc. bought a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 68,967 shares of the company’s stock, valued at approximately $4,055,000. Avantis Emerging Markets Equity ETF accounts for about 3.1% of Broadway Wealth Solutions Inc.’s portfolio, making the stock its 7th biggest position. Broadway Wealth Solutions Inc. owned about 0.08% of Avantis Emerging Markets Equity ETF at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Signaturefd LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF during the fourth quarter valued at approximately $66,000. FMR LLC increased 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 worth $130,000 after purchasing an additional 1,393 shares during the period. Private Trust Co. NA lifted its position 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 purchasing an additional 515 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the third quarter valued at $144,000. Finally, Kestra Investment Management LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the 4th quarter valued at about $159,000.

Avantis Emerging Markets Equity ETF Stock Up 0.4 %

Shares of AVEM stock opened at $61.54 on Friday. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 12.48 and a beta of 0.79. Avantis Emerging Markets Equity ETF has a 52-week low of $55.65 and a 52-week high of $66.31. The company’s 50 day moving average is $60.46 and its 200 day moving average is $61.26.

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.