Avantis Emerging Markets Equity ETF $AVEM Stock Purchased by Prosperity Planning Inc.

Prosperity Planning Inc. boosted its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 145,726 shares of the company’s stock after purchasing an additional 5,886 shares during the period. Avantis Emerging Markets Equity ETF makes up approximately 3.1% of Prosperity Planning Inc.’s portfolio, making the stock its 10th biggest holding. Prosperity Planning Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $13,701,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVEM. Bank of America Corp DE lifted its stake in shares of Avantis Emerging Markets Equity ETF by 45.1% in the 1st quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock valued at $2,310,765,000 after purchasing an additional 8,908,264 shares in the last quarter. Align Financial LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF in the 4th quarter valued at $528,227,000. PNC Financial Services Group Inc. lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 6.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,329,760 shares of the company’s stock valued at $187,732,000 after acquiring an additional 131,390 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 9.5% during the 4th quarter. MML Investors Services LLC now owns 1,972,171 shares of the company’s stock valued at $151,897,000 after acquiring an additional 171,532 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in Avantis Emerging Markets Equity ETF by 13.3% during the 1st quarter. Cetera Investment Advisers now owns 1,868,208 shares of the company’s stock worth $150,540,000 after purchasing an additional 219,618 shares during the period.

Avantis Emerging Markets Equity ETF Trading Down 1.8%

Shares of NYSEARCA AVEM opened at $93.24 on Friday. Avantis Emerging Markets Equity ETF has a 12-month low of $72.94 and a 12-month high of $100.83. The company has a market cap of $28.16 billion, a P/E ratio of 12.66 and a beta of 0.75. The stock has a fifty day moving average price of $94.10 and a 200 day moving average price of $92.13.

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.