Intelligence Driven Advisers LLC Takes $2.07 Million Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Intelligence Driven Advisers LLC purchased a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 38,003 shares of the company’s stock, valued at approximately $2,073,000. Avantis Emerging Markets Equity ETF accounts for about 0.3% of Intelligence Driven Advisers LLC’s investment portfolio, making the stock its 25th biggest holding.

A number of other institutional investors also recently modified their holdings of AVEM. Commonwealth Equity Services LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 1.4% in the third quarter. Commonwealth Equity Services LLC now owns 130,302 shares of the company’s stock valued at $6,879,000 after purchasing an additional 1,794 shares during the period. Raymond James & Associates acquired a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter valued at $1,992,000. Raymond James Financial Services Advisors Inc. raised its stake in Avantis Emerging Markets Equity ETF by 13.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 101,266 shares of the company’s stock valued at $5,346,000 after purchasing an additional 11,847 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in Avantis Emerging Markets Equity ETF by 4.8% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 9,631 shares of the company’s stock valued at $508,000 after purchasing an additional 438 shares during the last quarter. Finally, HTG Investment Advisors Inc. raised its stake in Avantis Emerging Markets Equity ETF by 2.9% during the 3rd quarter. HTG Investment Advisors Inc. now owns 40,700 shares of the company’s stock valued at $2,149,000 after purchasing an additional 1,135 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 2.5 %

NYSEARCA:AVEM traded up $1.46 during trading hours on Thursday, hitting $59.94. 121,386 shares of the company traded hands, compared to its average volume of 343,860. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 9.46 and a beta of 0.80. Avantis Emerging Markets Equity ETF has a twelve month low of $50.65 and a twelve month high of $59.98. The firm has a 50-day moving average of $57.81 and a 200 day moving average of $55.69.

Avantis Emerging Markets Equity ETF Company 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.