Theory Financial LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 25.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,027 shares of the company’s stock after buying an additional 5,466 shares during the period. Theory Financial LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $2,178,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in shares of Avantis Emerging Markets Equity ETF by 1,271.2% in 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 acquiring an additional 16,265,184 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Avantis Emerging Markets Equity ETF by 4.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock valued at $741,503,000 after purchasing an additional 418,018 shares during the period. Align Financial LLC acquired a new position in Avantis Emerging Markets Equity ETF during the 4th quarter worth $528,227,000. Wells Fargo & Company MN increased its holdings in Avantis Emerging Markets Equity ETF by 17.3% during 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 during the period. Finally, Morgan Stanley increased its holdings in 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
AVEM stock opened at $92.00 on Thursday. The business’s 50-day moving average is $94.81 and its two-hundred day moving average is $87.69. The firm has a market capitalization of $25.47 billion, a P/E ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 1 year low of $68.27 and a 1 year high of $100.83.
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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