United Community Bank Buys Shares of 11,127 Avantis Emerging Markets Equity ETF $AVEM

United Community Bank bought a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,127 shares of the company’s stock, valued at approximately $1,074,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Bank of America Corp DE raised its position in Avantis Emerging Markets Equity ETF by 45.1% during 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 buying an additional 8,908,264 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in Avantis Emerging Markets Equity ETF by 4.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock worth $741,503,000 after acquiring an additional 418,018 shares during the period. Align Financial LLC acquired a new stake in Avantis Emerging Markets Equity ETF during the 4th quarter worth about $528,227,000. Wells Fargo & Company MN grew its stake in Avantis Emerging Markets Equity ETF by 17.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock valued at $437,145,000 after acquiring an additional 837,069 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Avantis Emerging Markets Equity ETF by 12.6% in the 4th quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock valued at $435,908,000 after purchasing an additional 631,367 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA AVEM opened at $95.36 on Friday. The company has a 50 day simple moving average of $92.52 and a 200-day simple moving average of $90.30. The firm has a market capitalization of $27.14 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75. Avantis Emerging Markets Equity ETF has a 52-week low of $70.69 and a 52-week 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.