Foster & Motley Inc. Has $35.91 Million Holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Foster & Motley Inc. grew its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 555,907 shares of the company’s stock after acquiring an additional 6,675 shares during the period. Avantis Emerging Markets Equity ETF accounts for approximately 2.3% of Foster & Motley Inc.’s investment portfolio, making the stock its 7th biggest holding. Foster & Motley Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $35,912,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Private Advisor Group LLC grew its stake in Avantis Emerging Markets Equity ETF by 10.0% in the first quarter. Private Advisor Group LLC now owns 36,663 shares of the company’s stock worth $2,125,000 after purchasing an additional 3,338 shares during the period. PrairieView Partners LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 3.2% during the first quarter. PrairieView Partners LLC now owns 326,020 shares of the company’s stock valued at $18,897,000 after purchasing an additional 10,167 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Avantis Emerging Markets Equity ETF by 68.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 21,214 shares of the company’s stock valued at $1,230,000 after purchasing an additional 8,654 shares during the period. Empowered Funds LLC bought a new position in Avantis Emerging Markets Equity ETF during the first quarter valued at approximately $14,485,000. Finally, WMG Financial Advisors LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 7.8% in the first quarter. WMG Financial Advisors LLC now owns 80,246 shares of the company’s stock worth $4,651,000 after purchasing an additional 5,825 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 0.2 %

Shares of AVEM opened at $63.55 on Wednesday. The firm has a fifty day simple moving average of $62.88 and a two-hundred day simple moving average of $61.54. The firm has a market cap of $5.69 billion, a PE ratio of 9.91 and a beta of 0.88. Avantis Emerging Markets Equity ETF has a 1-year low of $52.68 and a 1-year high of $66.31.

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.