Fifth Third Bancorp Raises Stock Position in Avantis Emerging Markets Equity ETF $AVEM

Fifth Third Bancorp grew its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 38.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 879,709 shares of the company’s stock after buying an additional 243,963 shares during the period. Fifth Third Bancorp’s holdings in Avantis Emerging Markets Equity ETF were worth $70,887,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Asempa Wealth Advisors purchased a new position in shares of Avantis Emerging Markets Equity ETF during the fourth quarter worth about $939,000. Breakwater Capital Group increased its position in shares of Avantis Emerging Markets Equity ETF by 14.8% during the fourth quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock worth $4,045,000 after purchasing an additional 6,774 shares in the last quarter. Greenwood Capital Associates LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 24.5% in the 4th quarter. Greenwood Capital Associates LLC now owns 50,241 shares of the company’s stock valued at $3,870,000 after purchasing an additional 9,895 shares during the last quarter. ACT Advisors LLC. lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 3.4% in the 4th quarter. ACT Advisors LLC. now owns 307,508 shares of the company’s stock valued at $23,684,000 after purchasing an additional 10,245 shares during the last quarter. Finally, Armstrong Fleming & Moore Inc boosted its position in shares of Avantis Emerging Markets Equity ETF by 16.0% in the 4th quarter. Armstrong Fleming & Moore Inc now owns 233,841 shares of the company’s stock valued at $18,010,000 after purchasing an additional 32,228 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA:AVEM opened at $94.14 on Monday. The stock’s 50 day moving average price is $94.85 and its 200 day moving average price is $87.37. The company has a market capitalization of $25.90 billion, a PE ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 52-week low of $68.27 and a 52-week high of $100.83.

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.