Pure Financial Advisors LLC decreased its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,326,250 shares of the company’s stock after selling 31,303 shares during the quarter. Avantis Emerging Markets Equity ETF makes up 1.5% of Pure Financial Advisors LLC’s holdings, making the stock its 18th largest position. Pure Financial Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $102,148,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of America Corp DE raised its position in Avantis Emerging Markets Equity ETF by 4.9% during the third quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock valued at $1,382,953,000 after acquiring an additional 867,710 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Avantis Emerging Markets Equity ETF by 4.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock worth $741,503,000 after purchasing an additional 418,018 shares in the last quarter. Align Financial LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the 4th quarter worth approximately $528,227,000. Wells Fargo & Company MN boosted its position in Avantis Emerging Markets Equity ETF by 17.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock worth $437,145,000 after purchasing an additional 837,069 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of Avantis Emerging Markets Equity ETF by 12.6% during the 4th quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock worth $435,908,000 after purchasing an additional 631,367 shares during the period.
Avantis Emerging Markets Equity ETF Price Performance
NYSEARCA:AVEM opened at $99.71 on Friday. The firm has a market cap of $26.00 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. The company has a 50 day moving average price of $92.95 and a 200-day moving average price of $85.39. Avantis Emerging Markets Equity ETF has a 1-year low of $66.19 and a 1-year high of $100.00.
Avantis Emerging Markets Equity ETF Company 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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