Missouri Trust & Investment Co acquired a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,030 shares of the company’s stock, valued at approximately $757,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in 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 in the last quarter. Vantagepoint Investment Advisers LLC acquired a new stake in Avantis Emerging Markets Equity ETF during the 3rd quarter worth $248,060,000. PNC Financial Services Group Inc. grew its holdings 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 buying an additional 131,390 shares in the last quarter. Cetera Investment Advisers grew its holdings 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 buying an additional 219,618 shares in the last quarter. Finally, Annex Advisory Services LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the third quarter worth $157,364,000.
Avantis Emerging Markets Equity ETF Price Performance
Shares of NYSEARCA AVEM opened at $83.28 on Monday. The firm has a 50-day simple moving average of $92.13 and a 200-day simple moving average of $90.09. The stock has a market capitalization of $26.00 billion, a price-to-earnings 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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