Avantis Emerging Markets Equity ETF $AVEM Holdings Lifted by Parallel Advisors LLC

Parallel Advisors LLC boosted its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 4.3% in the third quarter, HoldingsChannel reports. The firm owned 849,731 shares of the company’s stock after buying an additional 35,069 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for about 1.1% of Parallel Advisors LLC’s holdings, making the stock its 13th largest holding. Parallel Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $79,892,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. JFS Wealth Advisors LLC lifted its position 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 worth $27,000 after buying an additional 111 shares in the last quarter. Hardin Capital Partners LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF by 0.8% in the 3rd quarter. Hardin Capital Partners LLC now owns 15,062 shares of the company’s stock worth $1,416,000 after buying an additional 123 shares during the last quarter. Mainsail Asset Management LLC grew its holdings in shares of Avantis Emerging Markets Equity ETF by 6.1% in the third quarter. Mainsail Asset Management LLC now owns 3,210 shares of the company’s stock valued at $309,000 after acquiring an additional 184 shares in the last quarter. Columbia Advisory Partners LLC grew its holdings in shares of Avantis Emerging Markets Equity ETF by 0.7% in the third quarter. Columbia Advisory Partners LLC now owns 28,120 shares of the company’s stock valued at $2,644,000 after acquiring an additional 184 shares in the last quarter. Finally, Busey Bank increased its position in shares of Avantis Emerging Markets Equity ETF by 5.6% during the third quarter. Busey Bank now owns 3,677 shares of the company’s stock valued at $346,000 after acquiring an additional 195 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 1.7%

Shares of AVEM traded up $1.41 on Friday, reaching $83.28. 3,374,162 shares of the company’s stock traded hands, compared to its average volume of 1,950,924. The stock’s 50 day simple moving average is $92.13 and its two-hundred day simple moving average is $90.09. Avantis Emerging Markets Equity ETF has a 52-week low of $73.79 and a 52-week high of $100.83. The stock has a market cap of $26.00 billion, a PE ratio of 12.66 and a beta of 0.79.

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.