Avantis Emerging Markets Equity ETF $AVEM Stock Position Boosted by Friday Financial

Friday Financial lifted its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 53.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,639 shares of the company’s stock after acquiring an additional 6,830 shares during the period. Avantis Emerging Markets Equity ETF accounts for approximately 0.5% of Friday Financial’s holdings, making the stock its 28th biggest position. Friday Financial’s holdings in Avantis Emerging Markets Equity ETF were worth $1,818,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of America Corp DE increased its position in shares of Avantis Emerging Markets Equity ETF by 1,271.2% during 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 period. Align Financial LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at $528,227,000. Kestra Investment Management LLC boosted its stake in Avantis Emerging Markets Equity ETF by 3,618.9% during the fourth quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock valued at $113,646,000 after buying an additional 1,435,866 shares in the last quarter. Maseco LLP bought a new position in Avantis Emerging Markets Equity ETF during the first quarter valued at about $93,504,000. Finally, LPL Financial LLC grew its holdings in 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 acquiring an additional 1,061,034 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of Avantis Emerging Markets Equity ETF stock opened at $92.27 on Monday. The company’s 50-day moving average price is $93.46 and its two-hundred day moving average price is $88.98. Avantis Emerging Markets Equity ETF has a 52 week low of $70.27 and a 52 week high of $100.83. The stock has a market cap of $26.26 billion, a PE ratio of 12.66 and a beta of 0.74.

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.