Parallel Advisors LLC Takes Position in Avantis Emerging Markets Equity ETF $AVEM

Parallel Advisors LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 36,371 shares of the company’s stock, valued at approximately $2,732,000.

Other large investors have also recently made changes to their positions in the company. American Capital Advisory LLC purchased a new position in Avantis Emerging Markets Equity ETF in the third quarter worth approximately $30,000. Tripletail Wealth Management LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter valued at approximately $49,000. Spire Wealth Management raised its holdings in shares of Avantis Emerging Markets Equity ETF by 324.9% in the 3rd quarter. Spire Wealth Management now owns 752 shares of the company’s stock valued at $56,000 after purchasing an additional 575 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter valued at $57,000. Finally, Blue Trust Inc. lifted its position in shares of Avantis Emerging Markets Equity ETF by 306.3% during the 3rd quarter. Blue Trust Inc. now owns 780 shares of the company’s stock worth $59,000 after purchasing an additional 588 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 1.8%

Shares of AVEM stock opened at $82.81 on Tuesday. The firm has a fifty day moving average price of $83.40 and a 200 day moving average price of $78.32. The company has a market cap of $18.30 billion, a P/E ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a 12 month low of $52.52 and a 12 month high of $89.75.

Avantis Emerging Markets Equity ETF 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.