Royal Bank of Canada Increases Holdings in Avantis Emerging Markets Equity ETF $AVEM

Royal Bank of Canada increased its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 17.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 541,262 shares of the company’s stock after acquiring an additional 79,365 shares during the period. Royal Bank of Canada’s holdings in Avantis Emerging Markets Equity ETF were worth $43,614,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in Avantis Emerging Markets Equity ETF by 1,271.2% during the second quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock worth $1,202,511,000 after purchasing an additional 16,265,184 shares during the last quarter. Align Financial LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at $528,227,000. Kestra Investment Management LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 3,618.9% in the fourth quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock valued at $113,646,000 after buying an additional 1,435,866 shares in the last quarter. Maseco LLP acquired a new position in shares of Avantis Emerging Markets Equity ETF during the 1st quarter worth $93,504,000. Finally, LPL Financial LLC raised its stake in shares of Avantis Emerging Markets Equity ETF by 39.6% during the 4th quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock worth $288,100,000 after buying an additional 1,061,034 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Avantis Emerging Markets Equity ETF stock opened at $89.51 on Monday. The firm has a market capitalization of $25.47 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. The firm’s 50-day simple moving average is $93.89 and its 200 day simple moving average is $88.61.

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.