RFG Advisory LLC Acquires New Position in Avantis Emerging Markets Equity ETF $AVEM

RFG Advisory LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 29,828 shares of the company’s stock, valued at approximately $2,297,000.

Several other institutional investors and hedge funds have also modified their holdings of AVEM. Bank of America Corp DE boosted its position 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 purchasing an additional 16,265,184 shares during the last quarter. Vantagepoint Investment Advisers LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter valued at about $170,265,000. JPMorgan Chase & Co. lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 350.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,404,304 shares of the company’s stock valued at $105,477,000 after buying an additional 1,092,814 shares during the last quarter. BOKF NA grew its stake in shares of Avantis Emerging Markets Equity ETF by 9,498.3% in the 3rd quarter. BOKF NA now owns 861,253 shares of the company’s stock valued at $64,689,000 after buying an additional 852,280 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Avantis Emerging Markets Equity ETF by 47.1% in the third quarter. Ameriprise Financial Inc. now owns 2,263,134 shares of the company’s stock worth $169,989,000 after buying an additional 724,811 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA:AVEM opened at $93.74 on Friday. The company has a market capitalization of $24.45 billion, a P/E ratio of 12.66 and a beta of 0.72. The stock’s 50 day moving average price is $84.97 and its 200 day moving average price is $81.45. Avantis Emerging Markets Equity ETF has a 52 week low of $61.57 and a 52 week high of $95.13.

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.