Avantis Emerging Markets Equity ETF $AVEM Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp lifted its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 34.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,591,332 shares of the company’s stock after purchasing an additional 410,593 shares during the quarter. Fifth Third Bancorp owned 0.51% of Avantis Emerging Markets Equity ETF worth $149,617,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JFS Wealth Advisors LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 67.3% during the 2nd quarter. JFS Wealth Advisors LLC now owns 276 shares of the company’s stock valued at $27,000 after buying an additional 111 shares in the last quarter. Glenmede Trust Co. NA purchased a new stake in Avantis Emerging Markets Equity ETF in the first quarter worth approximately $31,000. Investors Research Corp purchased a new stake in Avantis Emerging Markets Equity ETF in the third quarter worth approximately $39,000. Barrett & Company Inc. purchased a new stake in Avantis Emerging Markets Equity ETF in the third quarter worth approximately $42,000. Finally, First Community Trust NA grew its position in Avantis Emerging Markets Equity ETF by 136.9% during the second quarter. First Community Trust NA now owns 443 shares of the company’s stock valued at $43,000 after acquiring an additional 256 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA AVEM opened at $87.10 on Thursday. The stock has a market capitalization of $27.36 billion, a P/E ratio of 10.99 and a beta of 0.79. Avantis Emerging Markets Equity ETF has a one year low of $73.79 and a one year high of $100.83. The firm’s 50 day simple moving average is $91.62 and its two-hundred day simple moving average is $90.15.

Avantis Emerging Markets Equity ETF Company 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.