Avantis Emerging Markets Equity ETF $AVEM Shares Newly Purchased by Vantagepoint Investment Advisers LLC

Vantagepoint Investment Advisers LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,638,372 shares of the company’s stock, valued at approximately $248,060,000. Avantis Emerging Markets Equity ETF comprises about 1.9% of Vantagepoint Investment Advisers LLC’s investment portfolio, making the stock its 25th largest position.

Several other hedge funds also recently modified their holdings of AVEM. Bank of America Corp DE boosted 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 acquiring an additional 8,908,264 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Avantis Emerging Markets Equity ETF by 6.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,329,760 shares of the company’s stock worth $187,732,000 after acquiring an additional 131,390 shares during the last quarter. Annex Advisory Services LLC acquired a new stake in Avantis Emerging Markets Equity ETF during the 3rd quarter valued at $157,364,000. Cetera Investment Advisers increased its holdings in 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 valued at $150,540,000 after purchasing an additional 219,618 shares in the last quarter. Finally, Apella Capital LLC increased its holdings in Avantis Emerging Markets Equity ETF by 15.2% during the 3rd quarter. Apella Capital LLC now owns 1,149,116 shares of the company’s stock valued at $109,109,000 after purchasing an additional 151,968 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM opened at $87.09 on Tuesday. The stock has a fifty day moving average price of $93.65 and a two-hundred day moving average price of $89.81. Avantis Emerging Markets Equity ETF has a 52-week low of $73.79 and a 52-week high of $100.83. The company has a market cap of $26.75 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75.

About Avantis Emerging Markets Equity ETF

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.