Avantis Emerging Markets Equity ETF $AVEM Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC grew its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 10.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 572,169 shares of the company’s stock after purchasing an additional 54,879 shares during the quarter. Park Avenue Securities LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $44,068,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Holos Integrated Wealth LLC purchased a new stake in Avantis Emerging Markets Equity ETF during the 4th quarter worth $2,212,000. CGN Advisors LLC raised its position in Avantis Emerging Markets Equity ETF by 2.1% in the fourth quarter. CGN Advisors LLC now owns 261,668 shares of the company’s stock valued at $20,154,000 after purchasing an additional 5,378 shares during the period. Bush Investment Group LLC purchased a new position in Avantis Emerging Markets Equity ETF in the third quarter valued at about $771,000. Allworth Financial LP lifted its stake in shares of Avantis Emerging Markets Equity ETF by 94.8% during the third quarter. Allworth Financial LP now owns 52,091 shares of the company’s stock worth $3,913,000 after purchasing an additional 25,344 shares in the last quarter. Finally, Lantern Wealth Advisors LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF during the third quarter worth about $576,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA AVEM opened at $81.86 on Friday. Avantis Emerging Markets Equity ETF has a 1-year low of $52.52 and a 1-year high of $89.75. The company has a market capitalization of $18.09 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. The business has a 50-day moving average of $83.95 and a 200-day moving average of $78.81.

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.