Poinciana Advisors Group LLC Makes New $2.91 Million Investment in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Poinciana Advisors Group LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the fourth quarter, HoldingsChannel reports. The firm acquired 49,478 shares of the company’s stock, valued at approximately $2,909,000. Avantis Emerging Markets Equity ETF comprises 2.9% of Poinciana Advisors Group LLC’s holdings, making the stock its 9th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC raised its holdings 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 worth $130,000 after acquiring an additional 1,393 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the third quarter worth $144,000. Private Trust Co. NA raised its holdings in shares of Avantis Emerging Markets Equity ETF by 29.4% during the fourth quarter. Private Trust Co. NA now owns 2,265 shares of the company’s stock worth $133,000 after acquiring an additional 515 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the fourth quarter worth $159,000. Finally, MBE Wealth Management LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the fourth quarter worth $204,000.

Avantis Emerging Markets Equity ETF Stock Up 2.1 %

Shares of NYSEARCA:AVEM opened at $61.48 on Friday. Avantis Emerging Markets Equity ETF has a 12 month low of $55.65 and a 12 month high of $66.31. The company’s fifty day simple moving average is $59.82 and its 200 day simple moving average is $61.19. The firm has a market cap of $7.70 billion, a price-to-earnings ratio of 11.90 and a beta of 0.78.

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.