Focus Partners Advisor Solutions LLC Raises Stock Holdings in Avantis Emerging Markets Value ETF $AVES

Focus Partners Advisor Solutions LLC raised its holdings in Avantis Emerging Markets Value ETF (NYSEARCA:AVES) by 66.8% during the 3rd quarter, Holdings Channel reports. The firm owned 415,994 shares of the company’s stock after buying an additional 166,545 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Avantis Emerging Markets Value ETF were worth $24,308,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AVES. PNC Financial Services Group Inc. lifted its position in shares of Avantis Emerging Markets Value ETF by 416.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,464 shares of the company’s stock valued at $132,000 after buying an additional 1,987 shares in the last quarter. US Bancorp DE acquired a new position in Avantis Emerging Markets Value ETF during the third quarter worth $153,000. Apella Capital LLC purchased a new position in Avantis Emerging Markets Value ETF during the third quarter valued at $202,000. Evanson Asset Management LLC purchased a new position in Avantis Emerging Markets Value ETF during the third quarter valued at $204,000. Finally, Orcam Financial Group acquired a new stake in shares of Avantis Emerging Markets Value ETF in the second quarter valued at about $212,000.

Avantis Emerging Markets Value ETF Stock Down 1.3%

AVES stock opened at $65.27 on Tuesday. Avantis Emerging Markets Value ETF has a 52 week low of $41.68 and a 52 week high of $67.01. The firm has a 50-day simple moving average of $62.23 and a 200-day simple moving average of $59.07. The stock has a market capitalization of $1.18 billion, a P/E ratio of 10.65 and a beta of 0.66.

Avantis Emerging Markets Value ETF Profile

The Avantis Emerging Markets Value ETF (AVES) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of emerging market equities with lower prices relative to their book values. AVES was launched on Sep 28, 2021 and is managed by American Century Investments.