TCI Wealth Advisors Inc. Has $18.84 Million Stock Position in Avantis Emerging Markets Equity ETF $AVEM

TCI Wealth Advisors Inc. lessened its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 4.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 250,789 shares of the company’s stock after selling 12,327 shares during the period. Avantis Emerging Markets Equity ETF comprises approximately 1.1% of TCI Wealth Advisors Inc.’s investment portfolio, making the stock its 18th largest holding. TCI Wealth Advisors Inc. owned 0.14% of Avantis Emerging Markets Equity ETF worth $18,837,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in 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 valued at $1,202,511,000 after buying an additional 16,265,184 shares during the period. Envestnet Asset Management Inc. raised its stake in Avantis Emerging Markets Equity ETF by 16.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 17,514,256 shares of the company’s stock valued at $1,200,426,000 after acquiring an additional 2,483,487 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Avantis Emerging Markets Equity ETF by 307.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,795,928 shares of the company’s stock valued at $123,093,000 after purchasing an additional 1,355,637 shares during the last quarter. Maseco LLP bought a new position in Avantis Emerging Markets Equity ETF during the second quarter worth $74,121,000. Finally, Midwest Trust Co bought a new position in Avantis Emerging Markets Equity ETF during the second quarter worth $47,678,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM opened at $75.89 on Friday. The company’s 50-day moving average is $76.63 and its 200-day moving average is $72.93. The firm has a market capitalization of $14.08 billion, a PE ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a fifty-two week low of $52.52 and a fifty-two week high of $78.76.

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.