Avantis Emerging Markets Equity ETF $AVEM Stock: Brickley Wealth Management Increases Stake

Brickley Wealth Management lifted its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 6.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,142 shares of the company’s stock after purchasing an additional 7,524 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for about 1.7% of Brickley Wealth Management’s portfolio, making the stock its 12th biggest position. Brickley Wealth Management’s holdings in Avantis Emerging Markets Equity ETF were worth $12,236,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of 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 valued at $2,310,765,000 after purchasing an additional 8,908,264 shares in the last quarter. Vantagepoint Investment Advisers LLC acquired a new stake in Avantis Emerging Markets Equity ETF during the 3rd quarter worth approximately $248,060,000. PNC Financial Services Group Inc. lifted its stake in 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 buying an additional 131,390 shares in the last quarter. Annex Advisory Services LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF in the third quarter valued at approximately $157,364,000. Finally, BOKF NA acquired a new position in shares of Avantis Emerging Markets Equity ETF in the third quarter valued at approximately $152,097,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM stock opened at $83.28 on Monday. Avantis Emerging Markets Equity ETF has a 12-month low of $73.79 and a 12-month high of $100.83. The firm has a fifty day moving average of $92.13 and a 200-day moving average of $90.09. The company has a market capitalization of $26.00 billion, a price-to-earnings ratio of 12.66 and a beta of 0.79.

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.