Quantinno Capital Management LP Raises Holdings in Avantis Emerging Markets Equity ETF $AVEM

Quantinno Capital Management LP boosted its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 13.9% during the first quarter, Holdings Channel.com reports. The fund owned 82,676 shares of the company’s stock after purchasing an additional 10,109 shares during the quarter. Quantinno Capital Management LP’s holdings in Avantis Emerging Markets Equity ETF were worth $6,662,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in Avantis Emerging Markets Equity ETF by 1,271.2% during the second quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock worth $1,202,511,000 after acquiring an additional 16,265,184 shares during the last quarter. Align Financial LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF in the 4th quarter valued at about $528,227,000. Kestra Investment Management LLC grew its holdings in shares of Avantis Emerging Markets Equity ETF by 3,618.9% during the 4th quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock worth $113,646,000 after purchasing an additional 1,435,866 shares during the period. Maseco LLP purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the 1st quarter worth about $93,504,000. Finally, LPL Financial LLC increased its position in Avantis Emerging Markets Equity ETF by 39.6% during the 4th quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock worth $288,100,000 after purchasing an additional 1,061,034 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

AVEM opened at $92.18 on Thursday. Avantis Emerging Markets Equity ETF has a 1 year low of $69.57 and a 1 year high of $100.83. The firm has a 50 day moving average price of $93.66 and a 200 day moving average price of $88.83. The company has a market cap of $26.23 billion, a PE ratio of 12.66 and a beta of 0.74.

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.