Cetera Investment Advisers Purchases 219,618 Shares of Avantis Emerging Markets Equity ETF $AVEM

Cetera Investment Advisers lifted its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 13.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,868,208 shares of the company’s stock after buying an additional 219,618 shares during the quarter. Cetera Investment Advisers’ holdings in Avantis Emerging Markets Equity ETF were worth $150,540,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AVEM. Bank of America Corp DE increased its stake in Avantis Emerging Markets Equity ETF by 1,271.2% in the 2nd quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock worth $1,202,511,000 after buying an additional 16,265,184 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of 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 acquiring an additional 418,018 shares in the last quarter. Align Financial LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter worth about $528,227,000. Wells Fargo & Company MN boosted its stake in shares of Avantis Emerging Markets Equity ETF by 17.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock worth $437,145,000 after acquiring an additional 837,069 shares during the period. Finally, Morgan Stanley grew its position in shares of Avantis Emerging Markets Equity ETF by 12.6% during the fourth 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 in the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 0.1%

NYSEARCA:AVEM opened at $91.59 on Thursday. The stock has a 50-day moving average price of $94.39 and a 200 day moving average price of $88.16. The stock has a market capitalization of $25.51 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 $68.27 and a 12-month 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.