Avantis Emerging Markets Equity ETF $AVEM is Concord Asset Management LLC VA’s 9th Largest Position

Concord Asset Management LLC VA grew its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 26.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 218,405 shares of the company’s stock after acquiring an additional 45,260 shares during the quarter. Avantis Emerging Markets Equity ETF comprises approximately 3.0% of Concord Asset Management LLC VA’s portfolio, making the stock its 9th biggest position. Concord Asset Management LLC VA owned approximately 0.12% of Avantis Emerging Markets Equity ETF worth $16,404,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE raised its position in Avantis Emerging Markets Equity ETF by 1,271.2% in the 2nd quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock valued at $1,202,511,000 after purchasing an additional 16,265,184 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Avantis Emerging Markets Equity ETF by 16.5% during the second quarter. Envestnet Asset Management Inc. now owns 17,514,256 shares of the company’s stock worth $1,200,426,000 after acquiring an additional 2,483,487 shares in the last quarter. Vantagepoint Investment Advisers LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter valued at about $170,265,000. PNC Financial Services Group Inc. raised its holdings in Avantis Emerging Markets Equity ETF by 307.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,795,928 shares of the company’s stock worth $123,093,000 after acquiring an additional 1,355,637 shares in the last quarter. Finally, Midwest Trust Co acquired a new stake in Avantis Emerging Markets Equity ETF in the 2nd quarter valued at about $47,678,000.

Avantis Emerging Markets Equity ETF Stock Up 2.5%

Shares of NYSEARCA:AVEM opened at $84.74 on Friday. The firm has a market cap of $18.73 billion, a PE ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a 12-month low of $52.52 and a 12-month high of $85.65. The company’s 50 day moving average price is $79.39 and its two-hundred day moving average price is $75.93.

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.