Synergy Investment Management LLC Invests $608,000 in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Synergy Investment Management LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 10,337 shares of the company’s stock, valued at approximately $608,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AVEM. FMR LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 223.6% during the third quarter. FMR LLC now owns 2,016 shares of the company’s stock valued at $130,000 after buying an additional 1,393 shares during the period. Private Trust Co. NA boosted its holdings in Avantis Emerging Markets Equity ETF by 29.4% during the 4th quarter. Private Trust Co. NA now owns 2,265 shares of the company’s stock valued at $133,000 after acquiring an additional 515 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter valued at $144,000. Kestra Investment Management LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the fourth quarter worth $159,000. Finally, MBE Wealth Management LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the fourth quarter worth $204,000.

Avantis Emerging Markets Equity ETF Trading Down 0.9 %

Shares of AVEM opened at $58.70 on Tuesday. The firm has a fifty day moving average price of $59.59 and a 200-day moving average price of $61.26. The firm has a market capitalization of $7.35 billion, a P/E ratio of 11.90 and a beta of 0.78. Avantis Emerging Markets Equity ETF has a 12-month low of $55.65 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.