Parallel Advisors LLC Acquires 35,069 Shares of Avantis Emerging Markets Equity ETF $AVEM

Parallel Advisors LLC boosted its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 4.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 849,731 shares of the company’s stock after acquiring an additional 35,069 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for approximately 1.1% of Parallel Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Parallel Advisors LLC owned 0.28% of Avantis Emerging Markets Equity ETF worth $79,892,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AVEM. Bank of America Corp DE increased its holdings in Avantis Emerging Markets Equity ETF by 45.1% during the 1st quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock worth $2,310,765,000 after purchasing an additional 8,908,264 shares in the last quarter. Vantagepoint Investment Advisers LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter worth approximately $248,060,000. PNC Financial Services Group Inc. lifted its holdings 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 valued at $187,732,000 after purchasing an additional 131,390 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 13.3% in the first quarter. Cetera Investment Advisers now owns 1,868,208 shares of the company’s stock valued at $150,540,000 after purchasing an additional 219,618 shares in the last quarter. Finally, Annex Advisory Services LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the third quarter valued at approximately $157,364,000.

Avantis Emerging Markets Equity ETF Trading Up 1.7%

Shares of NYSEARCA:AVEM traded up $1.41 during mid-day trading on Friday, hitting $83.28. 3,374,162 shares of the company traded hands, compared to its average volume of 1,950,924. The stock has a market cap of $26.00 billion, a P/E ratio of 12.66 and a beta of 0.79. Avantis Emerging Markets Equity ETF has a 12-month low of $73.79 and a 12-month high of $100.83. The stock has a 50-day moving average price of $92.13 and a two-hundred day moving average price of $90.09.

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.