NewEdge Advisors LLC Increases Stock Position in Avantis Emerging Markets Equity ETF $AVEM

NewEdge Advisors LLC boosted its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 249.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 871,190 shares of the company’s stock after acquiring an additional 622,072 shares during the quarter. NewEdge Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $84,061,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in shares of Avantis Emerging Markets Equity ETF by 45.1% in the first quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock worth $2,310,765,000 after purchasing an additional 8,908,264 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Avantis Emerging Markets Equity ETF by 4.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock valued at $741,503,000 after buying an additional 418,018 shares during the last quarter. Align Financial LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the fourth quarter valued at $528,227,000. Wells Fargo & Company MN increased its holdings in Avantis Emerging Markets Equity ETF by 17.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock worth $437,145,000 after buying an additional 837,069 shares in the last quarter. Finally, Morgan Stanley increased its holdings in Avantis Emerging Markets Equity ETF by 12.6% in the 4th quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock worth $435,908,000 after buying an additional 631,367 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA:AVEM opened at $96.20 on Wednesday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $72.94 and a fifty-two week high of $100.83. The business has a 50-day simple moving average of $92.60 and a two-hundred day simple moving average of $90.51. The firm has a market cap of $27.38 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75.

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.