Sax Wealth Advisors LLC Acquires New Shares in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Sax Wealth Advisors LLC bought a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 17,801 shares of the company’s stock, valued at approximately $1,047,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Merit Financial Group LLC grew its position in shares of Avantis Emerging Markets Equity ETF by 486.2% during the fourth quarter. Merit Financial Group LLC now owns 713,524 shares of the company’s stock worth $41,948,000 after acquiring an additional 591,800 shares during the last quarter. Decker Retirement Planning Inc. acquired a new position in Avantis Emerging Markets Equity ETF during the 4th quarter valued at about $294,000. Certified Advisory Corp grew its position in Avantis Emerging Markets Equity ETF by 9.5% in the 4th quarter. Certified Advisory Corp now owns 104,362 shares of the company’s stock worth $6,135,000 after purchasing an additional 9,029 shares during the last quarter. Seaside Wealth Management Inc. increased its stake in shares of Avantis Emerging Markets Equity ETF by 18.6% in the fourth quarter. Seaside Wealth Management Inc. now owns 24,227 shares of the company’s stock valued at $1,424,000 after purchasing an additional 3,801 shares during the period. Finally, ERn Financial LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 3.8% during the fourth quarter. ERn Financial LLC now owns 183,985 shares of the company’s stock valued at $10,816,000 after buying an additional 6,665 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 0.7 %

Shares of NYSEARCA AVEM opened at $58.82 on Friday. Avantis Emerging Markets Equity ETF has a 12-month low of $53.21 and a 12-month high of $66.31. The company has a market cap of $5.26 billion, a PE ratio of 9.91 and a beta of 0.88. The stock has a 50 day simple moving average of $60.26 and a 200-day simple moving average of $61.44.

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.