First Hawaiian Bank Acquires 7,081 Shares of Avantis Emerging Markets Equity ETF $AVEM

First Hawaiian Bank grew its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 7.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,311 shares of the company’s stock after purchasing an additional 7,081 shares during the period. Avantis Emerging Markets Equity ETF comprises 1.0% of First Hawaiian Bank’s holdings, making the stock its 20th largest holding. First Hawaiian Bank’s holdings in Avantis Emerging Markets Equity ETF were worth $7,649,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AVEM. Park Avenue Securities LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 10.6% in the fourth quarter. Park Avenue Securities LLC now owns 572,169 shares of the company’s stock valued at $44,068,000 after buying an additional 54,879 shares in the last quarter. Holos Integrated Wealth LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at approximately $2,212,000. CGN Advisors LLC grew its position in Avantis Emerging Markets Equity ETF by 2.1% during the fourth quarter. CGN Advisors LLC now owns 261,668 shares of the company’s stock worth $20,154,000 after buying an additional 5,378 shares in the last quarter. Bush Investment Group LLC acquired a new stake in Avantis Emerging Markets Equity ETF during the third quarter worth approximately $771,000. Finally, Allworth Financial LP increased its stake in Avantis Emerging Markets Equity ETF by 94.8% during the 3rd quarter. Allworth Financial LP now owns 52,091 shares of the company’s stock worth $3,913,000 after acquiring an additional 25,344 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA AVEM opened at $81.86 on Friday. The stock has a market capitalization of $18.09 billion, a PE ratio of 12.66 and a beta of 0.68. The business has a fifty day moving average price of $83.95 and a two-hundred day moving average price of $78.81. Avantis Emerging Markets Equity ETF has a fifty-two week low of $52.52 and a fifty-two week high of $89.75.

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.