Avantis Emerging Markets Equity ETF $AVEM Stock Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 6.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 850,340 shares of the company’s stock after purchasing an additional 51,321 shares during the period. Avantis Emerging Markets Equity ETF makes up 0.6% of Farther Finance Advisors LLC’s holdings, making the stock its 28th biggest holding. Farther Finance Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $79,949,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in Avantis Emerging Markets Equity ETF by 45.1% in the 1st quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock valued at $2,310,765,000 after buying an additional 8,908,264 shares during the period. Align Financial LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter worth $528,227,000. PNC Financial Services Group Inc. grew its stake in shares of Avantis Emerging Markets Equity ETF by 6.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,329,760 shares of the company’s stock worth $187,732,000 after acquiring an additional 131,390 shares in the last quarter. MML Investors Services LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 9.5% during the fourth quarter. MML Investors Services LLC now owns 1,972,171 shares of the company’s stock worth $151,897,000 after acquiring an additional 171,532 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of Avantis Emerging Markets Equity ETF by 13.3% during the first quarter. Cetera Investment Advisers now owns 1,868,208 shares of the company’s stock worth $150,540,000 after acquiring an additional 219,618 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA AVEM traded down $1.71 during mid-day trading on Thursday, hitting $93.24. The company had a trading volume of 1,518,466 shares, compared to its average volume of 1,912,937. The company has a market capitalization of $28.16 billion, a PE ratio of 12.66 and a beta of 0.75. The business’s 50-day simple moving average is $94.02 and its 200 day simple moving average is $92.03. Avantis Emerging Markets Equity ETF has a 1-year low of $72.94 and a 1-year high of $100.83.

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.