Oppenheimer & Co. Inc. Invests $3.37 Million in Avantis Emerging Markets Equity ETF $AVEM

Oppenheimer & Co. Inc. acquired a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 44,913 shares of the company’s stock, valued at approximately $3,373,000.

Several other hedge funds and other institutional investors have also modified their holdings of AVEM. Savant Capital LLC increased its position in Avantis Emerging Markets Equity ETF by 3.2% during the 3rd quarter. Savant Capital LLC now owns 18,469,078 shares of the company’s stock worth $1,387,215,000 after purchasing an additional 564,371 shares in the last quarter. Bank of America Corp DE grew 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 buying an additional 16,265,184 shares during the period. Envestnet Asset Management Inc. grew its stake in Avantis Emerging Markets Equity ETF by 16.5% during the second quarter. Envestnet Asset Management Inc. now owns 17,514,256 shares of the company’s stock worth $1,200,426,000 after buying an additional 2,483,487 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Avantis Emerging Markets Equity ETF by 28.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,062,191 shares of the company’s stock worth $209,883,000 after acquiring an additional 670,844 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in shares of Avantis Emerging Markets Equity ETF by 2.8% in the 3rd quarter. Cerity Partners LLC now owns 2,687,213 shares of the company’s stock valued at $202,061,000 after acquiring an additional 72,106 shares during the period.

Avantis Emerging Markets Equity ETF Trading Up 1.6%

NYSEARCA:AVEM opened at $87.04 on Thursday. The firm’s fifty day simple moving average is $79.95 and its 200 day simple moving average is $76.29. Avantis Emerging Markets Equity ETF has a twelve month low of $52.52 and a twelve month high of $87.13. The firm has a market capitalization of $19.24 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68.

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.