Fmr LLC Increases Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Fmr LLC grew its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 223.6% during the third quarter, HoldingsChannel reports. The firm owned 2,016 shares of the company’s stock after acquiring an additional 1,393 shares during the period. Fmr LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $130,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Iron Horse Wealth Management LLC purchased a new position in Avantis Emerging Markets Equity ETF during the third quarter worth about $28,000. Northwest Investment Counselors LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter valued at approximately $37,000. City State Bank purchased a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth approximately $45,000. Brown Lisle Cummings Inc. acquired a new stake in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at approximately $82,000. Finally, Nemes Rush Group LLC increased its holdings in Avantis Emerging Markets Equity ETF by 68.1% in the 2nd quarter. Nemes Rush Group LLC now owns 1,787 shares of the company’s stock valued at $109,000 after purchasing an additional 724 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 0.6 %

AVEM opened at $59.34 on Monday. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88. The stock’s 50-day moving average price is $62.04 and its 200 day moving average price is $61.76. Avantis Emerging Markets Equity ETF has a 12-month low of $52.72 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.