PNC Financial Services Group Inc. Raises Position in Avantis Emerging Markets Equity ETF $AVEM

PNC Financial Services Group Inc. raised its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 10.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,991,031 shares of the company’s stock after acquiring an additional 195,103 shares during the quarter. PNC Financial Services Group Inc. owned approximately 1.07% of Avantis Emerging Markets Equity ETF worth $149,546,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC grew its stake in Avantis Emerging Markets Equity ETF by 13.2% in the first quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock worth $1,336,000 after purchasing an additional 2,596 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 7.2% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 22,362 shares of the company’s stock valued at $1,533,000 after buying an additional 1,495 shares in the last quarter. Wealthstream Advisors Inc. grew its position in shares of Avantis Emerging Markets Equity ETF by 8.2% in the 2nd quarter. Wealthstream Advisors Inc. now owns 19,389 shares of the company’s stock worth $1,329,000 after buying an additional 1,463 shares during the period. Financial Symmetry Inc increased its stake in shares of Avantis Emerging Markets Equity ETF by 2.9% in the 2nd quarter. Financial Symmetry Inc now owns 63,823 shares of the company’s stock worth $4,374,000 after acquiring an additional 1,804 shares in the last quarter. Finally, Canvas Wealth Advisors LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 20.5% in the 2nd quarter. Canvas Wealth Advisors LLC now owns 45,389 shares of the company’s stock worth $3,173,000 after acquiring an additional 7,735 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA:AVEM opened at $86.27 on Monday. The firm has a market capitalization of $19.07 billion, a P/E ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a one year low of $52.52 and a one year high of $87.56. The company’s 50-day simple moving average is $80.31 and its 200 day simple moving average is $76.56.

Avantis Emerging Markets Equity ETF Company 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.