Avantis Emerging Markets Equity ETF $AVEM Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC boosted its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 19.1% during the 4th quarter, HoldingsChannel reports. The fund owned 43,325 shares of the company’s stock after buying an additional 6,954 shares during the period. Parallel Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $3,337,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in Avantis Emerging Markets Equity ETF by 4.9% in the third quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock valued at $1,382,953,000 after acquiring an additional 867,710 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in Avantis Emerging Markets Equity ETF by 3.4% in the third quarter. Mercer Global Advisors Inc. ADV now owns 9,209,393 shares of the company’s stock valued at $691,717,000 after acquiring an additional 304,731 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Avantis Emerging Markets Equity ETF by 29.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,628,408 shares of the company’s stock valued at $279,460,000 after acquiring an additional 827,325 shares in the last quarter. Vantagepoint Investment Advisers LLC raised its holdings in Avantis Emerging Markets Equity ETF by 3.5% in the fourth quarter. Vantagepoint Investment Advisers LLC now owns 2,345,197 shares of the company’s stock valued at $180,627,000 after acquiring an additional 78,326 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in Avantis Emerging Markets Equity ETF by 5.9% in the third quarter. HighTower Advisors LLC now owns 2,263,581 shares of the company’s stock valued at $170,017,000 after acquiring an additional 126,853 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

AVEM opened at $91.23 on Friday. The stock has a market capitalization of $23.79 billion, a PE ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 12-month low of $66.19 and a 12-month high of $99.67. The firm’s fifty day moving average price is $89.90 and its 200 day moving average price is $83.99.

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.