Legacy CG LLC grew its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 5.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 133,433 shares of the company’s stock after acquiring an additional 7,240 shares during the period. Avantis Emerging Markets Equity ETF comprises approximately 3.2% of Legacy CG LLC’s holdings, making the stock its 11th biggest holding. Legacy CG LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $12,545,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Bank of America Corp DE boosted its position 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 worth $2,310,765,000 after purchasing an additional 8,908,264 shares during the period. Vantagepoint Investment Advisers LLC purchased a new position in Avantis Emerging Markets Equity ETF in the third quarter valued at about $248,060,000. PNC Financial Services Group Inc. lifted its stake in shares of Avantis Emerging Markets Equity ETF by 6.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,329,760 shares of the company’s stock worth $187,732,000 after purchasing an additional 131,390 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Avantis Emerging Markets Equity ETF by 13.3% during the first quarter. Cetera Investment Advisers now owns 1,868,208 shares of the company’s stock worth $150,540,000 after purchasing an additional 219,618 shares in the last quarter. Finally, Annex Advisory Services LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF during the third quarter worth about $157,364,000.
Avantis Emerging Markets Equity ETF Price Performance
Shares of NYSEARCA AVEM opened at $85.80 on Wednesday. Avantis Emerging Markets Equity ETF has a 1-year low of $73.79 and a 1-year high of $100.83. The business has a 50-day moving average of $92.78 and a 200-day moving average of $90.05. The company has a market capitalization of $26.73 billion, a price-to-earnings ratio of 12.66 and a beta of 0.79.
Avantis Emerging Markets Equity ETF 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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