CW Advisors Increases Stake in Avantis Emerging Markets ETF

Investment firm CW Advisors LLC has increased its holdings in the Avantis Emerging Markets Equity ETF (NYSEARCA: AVEM) by 1.2% during the second quarter of 2023. This adjustment, disclosed in a filing with the U.S. Securities and Exchange Commission (SEC), involved the acquisition of an additional 15,667 shares, bringing the total to 1,319,578 shares owned by the firm. As a result, Avantis Emerging Markets Equity ETF now constitutes approximately 0.9% of CW Advisors’ overall portfolio, ranking as its 13th largest position.

The latest reporting period revealed that CW Advisors holds shares of Avantis worth about $90.4 million. This sizeable investment comes amid a trend where several other institutional investors have also adjusted their stakes in the ETF. For instance, Hantz Financial Services Inc. saw a dramatic increase of 2,366.7% in its position, now owning 370 shares valued at $25,000 after purchasing an additional 355 shares.

Additionally, AdvisorNet Financial Inc. raised its stake in Avantis by 213.4% in the same quarter, bringing its total to 492 shares valued at $34,000. Other notable movements include South Plains Financial Inc., which established a new position worth about $41,000, and Clarity Asset Management Inc., which increased its holdings by 31.5%, now owning 752 shares valued at $45,000. McElhenny Sheffield Capital Management LLC also acquired a new position during the second quarter, valued at approximately $69,000.

Current Performance of Avantis Emerging Markets ETF

As of Wednesday, shares of the Avantis Emerging Markets Equity ETF opened at $76.91. This price reflects a modest increase of 0.3% from previous trading sessions. The ETF has experienced a 52-week range, with a low of $52.52 and a high of $78.76. The fund’s moving averages stand at $76.35 over the past 50 days and $71.93 over the last 200 days, indicating a generally positive trend.

With a market capitalization of $14.27 billion, the Avantis Emerging Markets Equity ETF operates as an actively managed fund. It primarily invests in a diverse range of emerging market stocks across various capitalizations that are deemed favorable based on multiple factors. The fund aims to achieve capital appreciation for its investors.

The growing interest from institutional investors indicates a robust confidence in the prospects of emerging markets, as reflected by the active management strategy employed by the Avantis fund. As these investments continue to trend upward, the ETF’s performance will be closely monitored by market participants seeking exposure to emerging economies.