Level Financial Advisors Increases Holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Level Financial Advisors raised its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 10.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,326 shares of the company’s stock after buying an additional 5,298 shares during the period. Avantis Emerging Markets Equity ETF comprises approximately 1.5% of Level Financial Advisors’ holdings, making the stock its 16th largest position. Level Financial Advisors owned approximately 0.06% of Avantis Emerging Markets Equity ETF worth $3,265,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Tillman Hartley LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 1.6% in the 4th quarter. Tillman Hartley LLC now owns 13,549 shares of the company’s stock worth $764,000 after purchasing an additional 213 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 1.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 15,890 shares of the company’s stock worth $896,000 after purchasing an additional 228 shares in the last quarter. Altus Wealth Group LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 2.3% in the 4th quarter. Altus Wealth Group LLC now owns 11,024 shares of the company’s stock worth $622,000 after purchasing an additional 253 shares in the last quarter. Capital Performance Advisors LLP increased its stake in shares of Avantis Emerging Markets Equity ETF by 2.3% in the 4th quarter. Capital Performance Advisors LLP now owns 11,677 shares of the company’s stock worth $658,000 after purchasing an additional 265 shares in the last quarter. Finally, Good Life Advisors LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 1.1% in the 4th quarter. Good Life Advisors LLC now owns 25,510 shares of the company’s stock worth $1,439,000 after purchasing an additional 277 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:AVEM traded up $0.87 during midday trading on Thursday, hitting $62.23. The company had a trading volume of 630,063 shares, compared to its average volume of 337,526. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88. Avantis Emerging Markets Equity ETF has a 12-month low of $50.65 and a 12-month high of $62.55. The company has a fifty day moving average of $60.89 and a two-hundred day moving average of $58.01.

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.