Avantis Emerging Markets Equity ETF $AVEM Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 151.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 528,977 shares of the company’s stock after buying an additional 318,588 shares during the period. Bank of New York Mellon Corp’s holdings in Avantis Emerging Markets Equity ETF were worth $42,625,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AVEM. Bank of America Corp DE grew its position in shares of 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 worth $1,202,511,000 after acquiring an additional 16,265,184 shares in the last quarter. Align Financial LLC acquired a new position in Avantis Emerging Markets Equity ETF in the fourth quarter worth $528,227,000. Kestra Investment Management LLC boosted its holdings in 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 worth $113,646,000 after purchasing an additional 1,435,866 shares during the period. Maseco LLP bought a new stake in Avantis Emerging Markets Equity ETF during the first quarter valued at $93,504,000. Finally, LPL Financial LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 39.6% during the fourth quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock worth $288,100,000 after purchasing an additional 1,061,034 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

Avantis Emerging Markets Equity ETF stock opened at $89.29 on Friday. Avantis Emerging Markets Equity ETF has a 1 year low of $68.27 and a 1 year high of $100.83. The firm’s 50-day moving average is $94.26 and its 200-day moving average is $88.25. The company has a market cap of $25.08 billion, a P/E ratio of 12.66 and a beta of 0.73.

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.