CW Advisors LLC Expands Stake in Avantis Emerging Markets ETF

Investment firm CW Advisors LLC has increased its stake in the Avantis Emerging Markets Equity ETF (NYSEARCA: AVEM) by 1.2% during the second quarter of 2023, as disclosed in a recent filing with the U.S. Securities and Exchange Commission. The firm now holds a total of 1,319,578 shares after acquiring an additional 15,667 shares during the period. This investment accounts for approximately 0.9% of CW Advisors LLC’s total holdings, making AVEM its 13th largest position.

At the end of the latest reporting period, CW Advisors LLC’s investment in the Avantis Emerging Markets Equity ETF was valued at about $90,444,000. This development comes amid a broader trend where several institutional investors have also adjusted their positions in this ETF.

Institutional Investor Activity

Among the notable investors, Hantz Financial Services Inc. significantly increased its stake in the Avantis ETF by an astonishing 2,366.7% during the second quarter. The firm now owns 370 shares valued at $25,000 after purchasing an additional 355 shares.

Similarly, AdvisorNet Financial Inc. lifted its investment by 213.4%, bringing its total to 492 shares worth $34,000 following the acquisition of 335 shares. Other firms such as South Plains Financial Inc. and Clarity Asset Management Inc. have also made new investments and increased their holdings, indicating a growing interest in the Avantis Emerging Markets Equity ETF.

South Plains Financial Inc. entered a new position in the ETF valued at approximately $41,000 during the first quarter. Meanwhile, Clarity Asset Management Inc. boosted its stake by 31.5%, now owning 752 shares valued at around $45,000. Furthermore, McElhenny Sheffield Capital Management LLC acquired a new position during the second quarter, valued at roughly $69,000.

Performance Metrics

As of the latest session, shares of the Avantis Emerging Markets Equity ETF opened at $76.91. The ETF has shown a 52-week low of $52.52 and a high of $78.76. Its moving averages indicate a recent performance trend, with a 50-day moving average price of $76.35 and a 200-day moving average price of $71.93. The ETF currently has a market capitalization of $14.27 billion, a price-to-earnings ratio of 12.66, and a beta of 0.68.

The Avantis Emerging Markets Equity ETF primarily invests in a diversified portfolio of emerging-market stocks across various capitalizations. As an actively managed fund, it aims to provide capital appreciation through a strategic selection of equities considered favorable based on multiple factors.

This activity highlights the dynamic nature of institutional investment in emerging markets, with firms increasingly recognizing the potential growth opportunities represented by such ETFs.