Trailhead Planners LLC acquired a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 32,294 shares of the company’s stock, valued at approximately $2,487,000. Avantis Emerging Markets Equity ETF accounts for about 2.4% of Trailhead Planners LLC’s portfolio, making the stock its 14th biggest position.
A number of other institutional investors have also added to or reduced their stakes in AVEM. Bank of America Corp DE increased its holdings in Avantis Emerging Markets Equity ETF by 1,271.2% during the second quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock worth $1,202,511,000 after buying an additional 16,265,184 shares during the last quarter. Kestra Investment Management LLC increased its holdings in Avantis Emerging Markets Equity ETF by 3,618.9% during the fourth quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock worth $113,646,000 after buying an additional 1,435,866 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Avantis Emerging Markets Equity ETF by 350.8% during the third quarter. JPMorgan Chase & Co. now owns 1,404,304 shares of the company’s stock worth $105,477,000 after buying an additional 1,092,814 shares during the last quarter. LPL Financial LLC increased its holdings in Avantis Emerging Markets Equity ETF by 39.6% during the fourth quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock worth $288,100,000 after buying an additional 1,061,034 shares during the last quarter. Finally, BOKF NA increased its holdings in Avantis Emerging Markets Equity ETF by 9,498.3% during the third quarter. BOKF NA now owns 861,253 shares of the company’s stock worth $64,689,000 after buying an additional 852,280 shares during the last quarter.
Avantis Emerging Markets Equity ETF Trading Up 4.6%
Shares of AVEM opened at $95.32 on Friday. The company has a market cap of $24.86 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 1-year low of $66.19 and a 1-year high of $99.67. The company’s fifty day simple moving average is $91.03 and its 200 day simple moving average is $84.54.
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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