Prospect Financial Group LLC Invests $1.55 Million in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Prospect Financial Group LLC bought a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 26,299 shares of the company’s stock, valued at approximately $1,546,000. Avantis Emerging Markets Equity ETF makes up 1.9% of Prospect Financial Group LLC’s holdings, making the stock its 17th largest position.

A number of other hedge funds have also recently modified their holdings of AVEM. Flagstar Advisors Inc. lifted its position in Avantis Emerging Markets Equity ETF by 2.2% in the fourth quarter. Flagstar Advisors Inc. now owns 8,247 shares of the company’s stock valued at $485,000 after acquiring an additional 175 shares during the last quarter. ORBA Wealth Advisors L.L.C. lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 0.3% in the 4th quarter. ORBA Wealth Advisors L.L.C. now owns 65,396 shares of the company’s stock valued at $3,845,000 after purchasing an additional 175 shares during the last quarter. Evanson Asset Management LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 2.2% in the 4th quarter. Evanson Asset Management LLC now owns 8,774 shares of the company’s stock valued at $516,000 after purchasing an additional 187 shares during the period. Orion Capital Management LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 2.1% in the 3rd quarter. Orion Capital Management LLC now owns 10,007 shares of the company’s stock valued at $646,000 after purchasing an additional 204 shares during the period. Finally, Truist Financial Corp increased its position in Avantis Emerging Markets Equity ETF by 4.1% during the fourth quarter. Truist Financial Corp now owns 5,725 shares of the company’s stock worth $337,000 after buying an additional 224 shares during the period.

Avantis Emerging Markets Equity ETF Trading Up 0.5 %

Shares of NYSEARCA AVEM opened at $61.96 on Tuesday. The stock has a market cap of $7.86 billion, a P/E ratio of 12.48 and a beta of 0.79. Avantis Emerging Markets Equity ETF has a twelve month low of $55.65 and a twelve month high of $66.31. The stock has a 50 day moving average of $60.26 and a two-hundred day moving average of $61.24.

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.