Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) is Morton Brown Family Wealth LLC’s 2nd Largest Position

Morton Brown Family Wealth LLC grew its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 3.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 370,157 shares of the company’s stock after purchasing an additional 12,659 shares during the period. Avantis Emerging Markets Equity ETF makes up 8.5% of Morton Brown Family Wealth LLC’s portfolio, making the stock its 2nd biggest holding. Morton Brown Family Wealth LLC owned about 0.41% of Avantis Emerging Markets Equity ETF worth $22,739,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AVEM. Wealthstream Advisors Inc. lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 1.2% during the 2nd quarter. Wealthstream Advisors Inc. now owns 16,503 shares of the company’s stock worth $1,008,000 after acquiring an additional 190 shares during the last quarter. CVA Family Office LLC lifted its stake in Avantis Emerging Markets Equity ETF by 59.7% in the second quarter. CVA Family Office LLC now owns 559 shares of the company’s stock worth $34,000 after purchasing an additional 209 shares during the last quarter. Tillman Hartley LLC lifted its stake in Avantis Emerging Markets Equity ETF by 1.6% in the fourth quarter. Tillman Hartley LLC now owns 13,549 shares of the company’s stock worth $764,000 after purchasing an additional 213 shares during the last quarter. Trellis Wealth Advisors LLC lifted its stake in Avantis Emerging Markets Equity ETF by 0.3% in the first quarter. Trellis Wealth Advisors LLC now owns 79,564 shares of the company’s stock worth $4,612,000 after purchasing an additional 226 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Avantis Emerging Markets Equity ETF by 1.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 15,890 shares of the company’s stock worth $896,000 after purchasing an additional 228 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Avantis Emerging Markets Equity ETF stock traded up $0.18 during mid-day trading on Friday, hitting $61.54. The company’s stock had a trading volume of 197,897 shares, compared to its average volume of 355,270. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88. The business has a 50 day moving average price of $61.05 and a 200-day moving average price of $59.72. Avantis Emerging Markets Equity ETF has a 12 month low of $50.65 and a 12 month high of $63.64.

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.