Avantis Emerging Markets Equity ETF $AVEM Shares Bought by Royal Bank of Canada

Royal Bank of Canada lifted its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 17.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 541,262 shares of the company’s stock after acquiring an additional 79,365 shares during the quarter. Royal Bank of Canada owned 0.21% of Avantis Emerging Markets Equity ETF worth $43,614,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings 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 valued at $1,202,511,000 after purchasing an additional 16,265,184 shares in the last quarter. Align Financial LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF during the 4th quarter worth approximately $528,227,000. Kestra Investment Management LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 3,618.9% in the 4th quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock valued at $113,646,000 after buying an additional 1,435,866 shares during the period. Maseco LLP acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the 1st quarter valued at approximately $93,504,000. Finally, LPL Financial LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF by 39.6% in the fourth quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock valued at $288,100,000 after buying an additional 1,061,034 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM stock opened at $89.51 on Monday. The business’s fifty day moving average price is $93.89 and its 200 day moving average price is $88.61. The firm has a market capitalization of $25.47 billion, a PE ratio of 12.66 and a beta of 0.73. 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.