Ewa LLC Invests $9.52 Million in Avantis Emerging Markets Equity ETF $AVEM

Ewa LLC purchased a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the first quarter, Holdings Channel reports. The fund purchased 118,153 shares of the company’s stock, valued at approximately $9,521,000. Avantis Emerging Markets Equity ETF accounts for approximately 2.2% of Ewa LLC’s investment portfolio, making the stock its 9th biggest holding.

Other hedge funds have also bought and sold shares of the company. Bank of America Corp DE raised 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 valued at $1,202,511,000 after buying an additional 16,265,184 shares in the last quarter. Align Financial LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF in the 4th quarter worth approximately $528,227,000. Kestra Investment Management LLC grew its position in shares of Avantis Emerging Markets Equity ETF by 3,618.9% in the 4th quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock worth $113,646,000 after acquiring an additional 1,435,866 shares in the last quarter. Maseco LLP bought a new stake in shares of Avantis Emerging Markets Equity ETF in the 1st quarter valued at approximately $93,504,000. Finally, LPL Financial LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 39.6% in the 4th quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock valued at $288,100,000 after acquiring an additional 1,061,034 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 0.7%

AVEM stock opened at $95.10 on Tuesday. The firm has a market cap of $24.80 billion, a P/E ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 12-month low of $68.03 and a 12-month high of $100.83. The stock’s 50 day simple moving average is $94.00 and its 200 day simple moving average is $86.25.

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.