Parallel Advisors LLC grew its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 1,654.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 760,155 shares of the company’s stock after acquiring an additional 716,830 shares during the quarter. Avantis Emerging Markets Equity ETF comprises about 1.1% of Parallel Advisors LLC’s portfolio, making the stock its 14th largest position. Parallel Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $61,253,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in AVEM. Bank of America Corp DE grew its holdings in Avantis Emerging Markets Equity ETF by 45.1% during the 1st quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock valued at $2,310,765,000 after purchasing an additional 8,908,264 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Avantis Emerging Markets Equity ETF by 4.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock worth $741,503,000 after purchasing an additional 418,018 shares during the last quarter. Align Financial LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF during the fourth quarter valued at approximately $528,227,000. Wells Fargo & Company MN boosted its position in shares of Avantis Emerging Markets Equity ETF by 17.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock valued at $437,145,000 after buying an additional 837,069 shares during the period. Finally, Morgan Stanley grew its stake in shares of Avantis Emerging Markets Equity ETF by 12.6% during the fourth quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock valued at $435,908,000 after buying an additional 631,367 shares during the last quarter.
Avantis Emerging Markets Equity ETF Stock Performance
Shares of NYSEARCA AVEM opened at $92.60 on Wednesday. The business’s 50 day moving average price is $93.75 and its 200-day moving average price is $88.76. Avantis Emerging Markets Equity ETF has a fifty-two week low of $69.37 and a fifty-two week high of $100.83. The company has a market cap of $26.35 billion, a price-to-earnings ratio of 12.66 and a beta of 0.74.
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.
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