True North Advisors LLC Invests $8.43 Million in Avantis Emerging Markets Equity ETF $AVEM

True North Advisors LLC acquired a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 104,579 shares of the company’s stock, valued at approximately $8,427,000. Avantis Emerging Markets Equity ETF comprises about 1.0% of True North Advisors LLC’s investment portfolio, making the stock its 25th biggest position.

Other large investors also recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in Avantis Emerging Markets Equity ETF by 1,271.2% in 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 buying an additional 16,265,184 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. Kestra Investment Management LLC grew its holdings in Avantis Emerging Markets Equity ETF by 3,618.9% during the 4th quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock worth $113,646,000 after acquiring an additional 1,435,866 shares during the period. Maseco LLP bought a new position in shares of Avantis Emerging Markets Equity ETF in the 1st quarter worth about $93,504,000. Finally, LPL Financial LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 39.6% in the 4th quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock worth $288,100,000 after acquiring an additional 1,061,034 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:AVEM opened at $89.26 on Friday. The company has a market capitalization of $24.86 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. The business’s 50-day moving average is $94.61 and its 200-day moving average is $87.79. Avantis Emerging Markets Equity ETF has a 1 year low of $68.27 and a 1 year high of $100.83.

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.