HighTower Advisors LLC Increases Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

HighTower Advisors LLC grew its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 5.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,263,581 shares of the company’s stock after purchasing an additional 126,853 shares during the period. HighTower Advisors LLC owned about 1.22% of Avantis Emerging Markets Equity ETF worth $170,017,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Bank of America Corp DE increased its stake in 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 worth $1,202,511,000 after buying an additional 16,265,184 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Avantis Emerging Markets Equity ETF by 16.5% in the second quarter. Envestnet Asset Management Inc. now owns 17,514,256 shares of the company’s stock valued at $1,200,426,000 after acquiring an additional 2,483,487 shares in the last quarter. Vantagepoint Investment Advisers LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter valued at $170,265,000. PNC Financial Services Group Inc. boosted its stake in shares of 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 buying an additional 1,355,637 shares during the period. Finally, Midwest Trust Co purchased a new position in Avantis Emerging Markets Equity ETF in the second quarter worth approximately $47,678,000.

Avantis Emerging Markets Equity ETF Price Performance

Avantis Emerging Markets Equity ETF stock opened at $86.27 on Monday. Avantis Emerging Markets Equity ETF has a 1-year low of $52.52 and a 1-year high of $87.56. The stock has a market cap of $19.07 billion, a PE ratio of 12.66 and a beta of 0.68. The stock’s fifty day moving average is $80.31 and its two-hundred day moving average is $76.56.

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.