Brookstone Capital Management Purchases Shares of 7,593 Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Brookstone Capital Management purchased a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the third quarter, HoldingsChannel reports. The institutional investor purchased 7,593 shares of the company’s stock, valued at approximately $491,000.

Several other hedge funds have also made changes to their positions in AVEM. Gleason Group Inc. purchased a new position in Avantis Emerging Markets Equity ETF during the second quarter worth about $33,000. CVA Family Office LLC lifted its holdings 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 acquiring an additional 209 shares during the period. Bessemer Group Inc. acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the first quarter worth approximately $69,000. O Shaughnessy Asset Management LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the first quarter valued at approximately $78,000. Finally, Mather Group LLC. acquired a new position in Avantis Emerging Markets Equity ETF during the first quarter worth approximately $89,000.

Avantis Emerging Markets Equity ETF Stock Up 0.5 %

Shares of AVEM opened at $64.86 on Monday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $50.65 and a fifty-two week high of $66.31. The company’s fifty day moving average is $61.83 and its two-hundred day moving average is $60.88. The firm has a market cap of $5.80 billion, a PE ratio of 9.91 and a beta of 0.88.

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.