Telos Capital Management Inc. purchased a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) in the third quarter, HoldingsChannel reports. The institutional investor purchased 67,505 shares of the company’s stock, valued at approximately $6,347,000.
A number of other large investors have also recently added to or reduced their stakes in AVEM. Bank of America Corp DE raised its holdings in shares of Avantis Emerging Markets Equity ETF by 45.1% in 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 period. Vantagepoint Investment Advisers LLC acquired a new stake in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at about $248,060,000. Annex Advisory Services LLC acquired a new stake in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at about $157,364,000. BOKF NA bought a new position in Avantis Emerging Markets Equity ETF during the third quarter worth about $152,097,000. Finally, Commonwealth Equity Services LLC bought a new position in Avantis Emerging Markets Equity ETF during the third quarter worth about $84,022,000.
Avantis Emerging Markets Equity ETF Stock Performance
Avantis Emerging Markets Equity ETF stock opened at $81.87 on Friday. The stock has a 50-day simple moving average of $92.37 and a 200 day simple moving average of $90.08. The stock has a market capitalization of $25.50 billion, a P/E ratio of 12.66 and a beta of 0.79. Avantis Emerging Markets Equity ETF has a 52 week low of $73.79 and a 52 week high of $100.83.
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.
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