McLean Asset Management Corp Acquires 26,541 Shares of Avantis Emerging Markets Equity ETF $AVEM

McLean Asset Management Corp boosted its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 5.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 491,761 shares of the company’s stock after acquiring an additional 26,541 shares during the quarter. Avantis Emerging Markets Equity ETF comprises 6.9% of McLean Asset Management Corp’s holdings, making the stock its 4th largest holding. McLean Asset Management Corp owned approximately 0.19% of Avantis Emerging Markets Equity ETF worth $39,626,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in shares of Avantis Emerging Markets Equity ETF by 4.9% during the 3rd quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock worth $1,382,953,000 after purchasing an additional 867,710 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in Avantis Emerging Markets Equity ETF by 4.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock valued at $741,503,000 after buying an additional 418,018 shares during the last quarter. Align Financial LLC purchased a new position in Avantis Emerging Markets Equity ETF during the fourth quarter worth about $528,227,000. Wells Fargo & Company MN increased its position in shares of Avantis Emerging Markets Equity ETF by 17.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock valued at $437,145,000 after acquiring an additional 837,069 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Avantis Emerging Markets Equity ETF by 12.6% during the fourth quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock valued at $435,908,000 after acquiring an additional 631,367 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM stock opened at $94.40 on Monday. The firm’s 50 day moving average price is $93.86 and its 200-day moving average price is $86.12. Avantis Emerging Markets Equity ETF has a one year low of $68.00 and a one year high of $100.83. The firm has a market cap of $24.62 billion, a P/E ratio of 12.66 and a beta of 0.73.

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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.