Avantis Emerging Markets Equity ETF $AVEM Stock Position Raised by VeraBank N.A.

VeraBank N.A. boosted its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 269,353 shares of the company’s stock after purchasing an additional 10,263 shares during the quarter. Avantis Emerging Markets Equity ETF comprises approximately 3.8% of VeraBank N.A.’s portfolio, making the stock its 8th biggest holding. VeraBank N.A. owned approximately 0.12% of Avantis Emerging Markets Equity ETF worth $20,746,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of America Corp DE raised its stake 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 purchasing an additional 867,710 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake 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 purchasing an additional 304,731 shares in the last quarter. LPL Financial LLC raised its stake in Avantis Emerging Markets Equity ETF by 39.6% in the fourth quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock valued at $288,100,000 after purchasing an additional 1,061,034 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake 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 purchasing an additional 827,325 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in Avantis Emerging Markets Equity ETF by 7.4% in the fourth quarter. Cerity Partners LLC now owns 2,886,258 shares of the company’s stock valued at $223,341,000 after purchasing an additional 199,045 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA AVEM opened at $91.14 on Thursday. Avantis Emerging Markets Equity ETF has a one year low of $66.19 and a one year high of $99.67. The firm’s 50 day simple moving average is $90.74 and its two-hundred day simple moving average is $84.40. The stock has a market capitalization of $23.77 billion, a P/E ratio of 12.66 and a beta of 0.73.

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.