9,585 Avantis Emerging Markets Equity ETF $AVEM Shares Purchased by Factor Wealth Management LTD

Factor Wealth Management LTD raised its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 18.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,430 shares of the company’s stock after purchasing an additional 9,585 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for 0.9% of Factor Wealth Management LTD’s portfolio, making the stock its 29th largest holding. Factor Wealth Management LTD’s holdings in Avantis Emerging Markets Equity ETF were worth $5,682,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bank of America Corp DE raised its holdings in shares of Avantis Emerging Markets Equity ETF by 45.1% in the 1st quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock worth $2,310,765,000 after buying an additional 8,908,264 shares in the last quarter. Align Financial LLC acquired a new stake in Avantis Emerging Markets Equity ETF in the 4th quarter valued at $528,227,000. PNC Financial Services Group Inc. grew its position in Avantis Emerging Markets Equity ETF by 6.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,329,760 shares of the company’s stock valued at $187,732,000 after acquiring an additional 131,390 shares during the period. MML Investors Services LLC grew its position in Avantis Emerging Markets Equity ETF by 9.5% in the fourth quarter. MML Investors Services LLC now owns 1,972,171 shares of the company’s stock valued at $151,897,000 after acquiring an additional 171,532 shares during the period. Finally, Cetera Investment Advisers grew its position in Avantis Emerging Markets Equity ETF by 13.3% in the first quarter. Cetera Investment Advisers now owns 1,868,208 shares of the company’s stock valued at $150,540,000 after acquiring an additional 219,618 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA AVEM traded down $1.71 during midday trading on Thursday, reaching $93.24. 1,518,466 shares of the company traded hands, compared to its average volume of 1,912,937. The firm has a market cap of $28.16 billion, a PE ratio of 12.66 and a beta of 0.75. The stock’s 50-day simple moving average is $94.10 and its 200-day simple moving average is $92.13. Avantis Emerging Markets Equity ETF has a 12 month low of $72.94 and a 12 month high of $100.83.

Avantis Emerging Markets Equity ETF Company 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.