Cardinal Point Capital Management ULC Increases Holdings in Avantis Emerging Markets Equity ETF (AVEM)

During the third quarter, investment firm Cardinal Point Capital Management ULC has notably increased its investment in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM). In its recent Form 13F filing with the SEC, the firm revealed a 23.6% boost in its portfolio, now holding 10,115 shares after purchasing an additional 1,930 shares in the quarter. The value of Cardinal Point Capital Management ULC's stakes in AVEM amounted to approximately $534,000 at the close of the latest reporting period.

Other Investors Adjust Their AVEM Holdings

Alongside Cardinal Point Capital Management's upscaling, other institutional investors have also adjusted their investments in Avantis Emerging Markets Equity ETF. Several notable increases include Perigon Wealth Management LLC with a 1.8% rise in the second quarter, Northwest Capital Management Inc with a 14.1% increase, and Mercer Global Advisors Inc. ADV expanding their stakes by 1.8% in the third quarter. Additionally, Nations Financial Group Inc. IA ADV and KCS Wealth Advisory both augmented their holdings in AVEM during the year.

Market Update for AVEM Stock

The ETF's shares started trading at $56.35 on a recent Friday. The firm now boasts a market capitalization of $3.81 billion, with a price-to-earnings ratio of 7.73 and a beta of 0.80. In terms of market trends, AVEM has been moving between a 52-week low of $49.83 and a high of $57.31, with a 50-day moving average of $54.16 and a 200-day moving average of $54.11.

About Avantis Emerging Markets Equity ETF

Avantis Emerging Markets Equity ETF specializes in total market equity by investing primarily in emerging-market stocks across all market capitalizations that manifest potential based on multiple factors. Operated as an actively managed fund, its primary goal is to achieve capital appreciation for shareholders.

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