Parallel Advisors LLC Grows Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

Parallel Advisors LLC lifted its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 19.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,325 shares of the company’s stock after purchasing an additional 6,954 shares during the period. Parallel Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $3,337,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AVEM. Bank of America Corp DE lifted its position in shares of 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 purchasing an additional 16,265,184 shares in the last quarter. Kestra Investment Management LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 3,618.9% during the fourth quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock worth $113,646,000 after purchasing an additional 1,435,866 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Avantis Emerging Markets Equity ETF by 350.8% during the third quarter. JPMorgan Chase & Co. now owns 1,404,304 shares of the company’s stock worth $105,477,000 after purchasing an additional 1,092,814 shares in the last quarter. BOKF NA lifted its position in shares of Avantis Emerging Markets Equity ETF by 9,498.3% during the third quarter. BOKF NA now owns 861,253 shares of the company’s stock worth $64,689,000 after purchasing an additional 852,280 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Avantis Emerging Markets Equity ETF by 29.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,628,408 shares of the company’s stock worth $279,460,000 after purchasing an additional 827,325 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 6.4%

NYSEARCA AVEM opened at $91.23 on Friday. The company’s fifty day simple moving average is $89.90 and its 200-day simple moving average is $83.99. Avantis Emerging Markets Equity ETF has a 52 week low of $66.19 and a 52 week high of $99.67. The stock has a market cap of $23.79 billion, a P/E ratio of 12.66 and a beta of 0.73.

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.