Paladin Wealth LLC Makes New $1.21 Million Investment in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Paladin Wealth LLC bought a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 18,720 shares of the company’s stock, valued at approximately $1,209,000. Avantis Emerging Markets Equity ETF comprises approximately 1.1% of Paladin Wealth LLC’s portfolio, making the stock its 27th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of AVEM. Gleason Group Inc. acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the 2nd quarter worth $33,000. CVA Family Office LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 59.7% during the 2nd 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. City State Bank acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth about $45,000. Bessemer Group Inc. acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 1st quarter worth about $69,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 1st quarter worth about $78,000.

Avantis Emerging Markets Equity ETF Trading Up 0.5 %

Shares of NYSEARCA:AVEM opened at $64.86 on Monday. The business has a 50-day moving average price of $61.83 and a 200 day moving average price of $60.88. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88. Avantis Emerging Markets Equity ETF has a 12-month low of $50.65 and a 12-month high of $66.31.

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.