Chicago Partners Investment Group LLC purchased a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 61,868 shares of the company’s stock, valued at approximately $5,413,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE raised its position in shares of Avantis Emerging Markets Equity ETF by 45.1% during 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 acquiring an additional 8,908,264 shares in the last quarter. Vantagepoint Investment Advisers LLC bought a new position in Avantis Emerging Markets Equity ETF in the third quarter worth about $248,060,000. PNC Financial Services Group Inc. lifted its holdings in Avantis Emerging Markets Equity ETF by 6.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,329,760 shares of the company’s stock worth $187,732,000 after acquiring an additional 131,390 shares during the last quarter. Cetera Investment Advisers boosted its stake in Avantis Emerging Markets Equity ETF by 13.3% in the first quarter. Cetera Investment Advisers now owns 1,868,208 shares of the company’s stock valued at $150,540,000 after acquiring an additional 219,618 shares during the period. Finally, Annex Advisory Services LLC acquired a new position in Avantis Emerging Markets Equity ETF in the third quarter valued at approximately $157,364,000.
Avantis Emerging Markets Equity ETF Stock Down 5.5%
Shares of AVEM stock opened at $81.87 on Friday. The company has a market cap of $25.50 billion, a P/E ratio of 12.66 and a beta of 0.79. The business has a 50 day moving average of $92.37 and a two-hundred day moving average of $90.08. 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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