Daviman Financial LLC Has $4.03 Million Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

Daviman Financial LLC grew its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 33.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,059 shares of the company’s stock after acquiring an additional 12,663 shares during the period. Avantis Emerging Markets Equity ETF accounts for approximately 2.4% of Daviman Financial LLC’s holdings, making the stock its 17th largest position. Daviman Financial LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $4,034,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of America Corp DE boosted its position in Avantis Emerging Markets Equity ETF by 4.9% during the third quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock valued at $1,382,953,000 after purchasing an additional 867,710 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Avantis Emerging Markets Equity ETF by 4.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock valued at $741,503,000 after purchasing an additional 418,018 shares in the last quarter. Align Financial LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF during the 4th quarter worth approximately $528,227,000. Wells Fargo & Company MN increased its position in shares of 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 worth $437,145,000 after purchasing an additional 837,069 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Avantis Emerging Markets Equity ETF by 12.6% during the 4th quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock worth $435,908,000 after purchasing an additional 631,367 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 1.5%

Shares of Avantis Emerging Markets Equity ETF stock opened at $96.49 on Wednesday. The stock has a market cap of $25.16 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 $68.15 and a 12-month high of $100.83. The business’s 50 day moving average is $94.13 and its 200-day moving average is $86.38.

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.