Avantis Emerging Markets Equity ETF $AVEM Shares Newly Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 619,859 shares of the company’s stock, valued at approximately $58,279,000. Park Avenue Securities LLC owned approximately 0.20% of Avantis Emerging Markets Equity ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AVEM. Bank of America Corp DE lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 45.1% in the first quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock valued at $2,310,765,000 after purchasing an additional 8,908,264 shares in the last quarter. Vantagepoint Investment Advisers LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter valued at approximately $248,060,000. PNC Financial Services Group Inc. grew its position in shares of 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 purchasing an additional 131,390 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Avantis Emerging Markets Equity ETF by 13.3% during the 1st quarter. Cetera Investment Advisers now owns 1,868,208 shares of the company’s stock worth $150,540,000 after purchasing an additional 219,618 shares in the last quarter. Finally, Annex Advisory Services LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth approximately $157,364,000.

Avantis Emerging Markets Equity ETF Stock Down 0.5%

NYSEARCA AVEM opened at $87.09 on Tuesday. The business has a fifty day moving average of $93.65 and a 200-day moving average of $89.81. Avantis Emerging Markets Equity ETF has a fifty-two week low of $73.79 and a fifty-two week high of $100.83. The stock has a market cap of $26.75 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75.

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.