NewEdge Advisors LLC Purchases 622,072 Shares of Avantis Emerging Markets Equity ETF $AVEM

NewEdge Advisors LLC raised its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 249.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 871,190 shares of the company’s stock after buying an additional 622,072 shares during the quarter. NewEdge Advisors LLC owned about 0.31% of Avantis Emerging Markets Equity ETF worth $84,061,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AVEM. Telos Capital Management Inc. lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 8.9% during the first quarter. Telos Capital Management Inc. now owns 80,940 shares of the company’s stock valued at $6,522,000 after purchasing an additional 6,605 shares during the last quarter. Integrity Investment Advisors LLC raised its stake in Avantis Emerging Markets Equity ETF by 56.6% during the fourth quarter. Integrity Investment Advisors LLC now owns 27,507 shares of the company’s stock valued at $2,119,000 after buying an additional 9,942 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Avantis Emerging Markets Equity ETF by 10.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,198,370 shares of the company’s stock valued at $169,318,000 after buying an additional 207,339 shares during the last quarter. Stonebrook Private Inc. bought a new stake in Avantis Emerging Markets Equity ETF in the fourth quarter worth $8,112,000. Finally, Summit Financial LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 7.8% in the fourth quarter. Summit Financial LLC now owns 192,458 shares of the company’s stock worth $14,823,000 after acquiring an additional 13,944 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:AVEM opened at $96.20 on Wednesday. The business has a fifty day moving average price of $92.60 and a 200-day moving average price of $90.51. The company has a market capitalization of $27.38 billion, a PE ratio of 12.66 and a beta of 0.75. Avantis Emerging Markets Equity ETF has a 1-year low of $72.94 and a 1-year high of $100.83.

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.