Sax Wealth Advisors LLC Boosts Stock Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Sax Wealth Advisors LLC lifted its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 2.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,712 shares of the company’s stock after purchasing an additional 598 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $1,330,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Osaic Holdings Inc. boosted its holdings in Avantis Emerging Markets Equity ETF by 61.0% during the 2nd quarter. Osaic Holdings Inc. now owns 88,860 shares of the company’s stock valued at $4,782,000 after acquiring an additional 33,660 shares during the period. IAG Wealth Partners LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 12.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 48,925 shares of the company’s stock valued at $2,633,000 after acquiring an additional 5,522 shares during the period. Libra Wealth LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 3.1% during the 2nd quarter. Libra Wealth LLC now owns 71,387 shares of the company’s stock valued at $3,841,000 after acquiring an additional 2,121 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 9.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 128,508 shares of the company’s stock valued at $6,915,000 after acquiring an additional 11,046 shares during the period. Finally, Quantum Financial Advisors LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 3.3% during the 2nd quarter. Quantum Financial Advisors LLC now owns 242,988 shares of the company’s stock valued at $13,075,000 after acquiring an additional 7,789 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

AVEM traded up $0.54 during midday trading on Monday, reaching $55.33. 59,426 shares of the company’s stock traded hands, compared to its average volume of 300,219. The firm has a fifty day moving average of $52.90 and a two-hundred day moving average of $53.65. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 7.73 and a beta of 0.80. Avantis Emerging Markets Equity ETF has a 52 week low of $49.37 and a 52 week high of $57.31.

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.