Park Avenue Securities LLC Acquires 72,845 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Park Avenue Securities LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 20.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 422,886 shares of the company’s stock after acquiring an additional 72,845 shares during the quarter. Park Avenue Securities LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $25,445,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Minot DeBlois Advisors LLC bought a new position in Avantis Emerging Markets Equity ETF during the fourth quarter worth about $26,000. Tucker Asset Management LLC bought a new position in Avantis Emerging Markets Equity ETF during the fourth quarter worth about $33,000. Webster Bank N. A. bought a new position in Avantis Emerging Markets Equity ETF during the first quarter worth about $46,000. Signaturefd LLC bought a new position in Avantis Emerging Markets Equity ETF during the fourth quarter worth about $66,000. Finally, O Shaughnessy Asset Management LLC increased its position in Avantis Emerging Markets Equity ETF by 30.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,254 shares of the company’s stock worth $74,000 after acquiring an additional 291 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA:AVEM opened at $66.57 on Friday. Avantis Emerging Markets Equity ETF has a 52 week low of $52.52 and a 52 week high of $66.59. The firm has a market cap of $10.15 billion, a price-to-earnings ratio of 12.64 and a beta of 0.66. The firm’s 50-day simple moving average is $61.25 and its 200 day simple moving average is $60.62.

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.