Pacific Life Fund Advisors LLC Buys 18,616 Shares of Avantis Emerging Markets Equity ETF $AVEM

Pacific Life Fund Advisors LLC raised its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 79.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 41,920 shares of the company’s stock after purchasing an additional 18,616 shares during the period. Avantis Emerging Markets Equity ETF accounts for 0.3% of Pacific Life Fund Advisors LLC’s holdings, making the stock its 19th biggest position. Pacific Life Fund Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $3,149,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Hantz Financial Services Inc. lifted its position in shares of Avantis Emerging Markets Equity ETF by 2,366.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock valued at $25,000 after buying an additional 355 shares in the last quarter. AdvisorNet Financial Inc raised its stake in Avantis Emerging Markets Equity ETF by 213.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 492 shares of the company’s stock worth $34,000 after acquiring an additional 335 shares during the period. Tripletail Wealth Management LLC purchased a new position in Avantis Emerging Markets Equity ETF during the third quarter valued at approximately $49,000. Spire Wealth Management boosted its position in shares of Avantis Emerging Markets Equity ETF by 324.9% in the third quarter. Spire Wealth Management now owns 752 shares of the company’s stock worth $56,000 after purchasing an additional 575 shares during the period. Finally, Mather Group LLC. bought a new position in shares of Avantis Emerging Markets Equity ETF in the third quarter worth approximately $57,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM stock opened at $80.99 on Tuesday. The company has a market capitalization of $17.02 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a one year low of $52.52 and a one year high of $81.07. The company’s fifty day moving average price is $77.08 and its 200-day moving average price is $74.21.

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.