Balboa Wealth Partners Acquires New Position in Avantis Emerging Markets Equity ETF $AVEM

Balboa Wealth Partners acquired a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the third quarter, HoldingsChannel.com reports. The firm acquired 10,052 shares of the company’s stock, valued at approximately $755,000.

Other large investors have also bought and sold shares of the company. Bank of America Corp DE grew its holdings in shares of Avantis Emerging Markets Equity ETF by 1,271.2% during the second quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock valued at $1,202,511,000 after buying an additional 16,265,184 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Avantis Emerging Markets Equity ETF by 16.5% in the 2nd 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 during the last quarter. Vantagepoint Investment Advisers LLC bought a new position in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at approximately $170,265,000. PNC Financial Services Group Inc. lifted its position in Avantis Emerging Markets Equity ETF by 307.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,795,928 shares of the company’s stock valued at $123,093,000 after acquiring an additional 1,355,637 shares in the last quarter. Finally, Midwest Trust Co purchased a new stake in Avantis Emerging Markets Equity ETF during the 2nd quarter valued at $47,678,000.

Avantis Emerging Markets Equity ETF Trading Up 0.4%

Shares of AVEM opened at $86.27 on Friday. The company has a market cap of $19.07 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. The business’s fifty day simple moving average is $80.31 and its two-hundred day simple moving average is $76.47. Avantis Emerging Markets Equity ETF has a 12 month low of $52.52 and a 12 month high of $87.56.

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.