Waddell & Associates LLC Boosts Stock Position in Avantis Emerging Markets Equity ETF $AVEM

Waddell & Associates LLC raised its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 553,961 shares of the company’s stock after purchasing an additional 15,167 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for 3.5% of Waddell & Associates LLC’s investment portfolio, making the stock its 12th biggest holding. Waddell & Associates LLC owned about 0.30% of Avantis Emerging Markets Equity ETF worth $41,608,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Savant Capital LLC grew its position in Avantis Emerging Markets Equity ETF by 3.2% in the 3rd quarter. Savant Capital LLC now owns 18,469,078 shares of the company’s stock valued at $1,387,215,000 after buying an additional 564,371 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 1,271.2% in the 2nd 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. Northwestern Mutual Wealth Management Co. lifted its holdings in Avantis Emerging Markets Equity ETF by 28.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,062,191 shares of the company’s stock valued at $209,883,000 after acquiring an additional 670,844 shares during the period. Cerity Partners LLC lifted its holdings in Avantis Emerging Markets Equity ETF by 2.8% in the third quarter. Cerity Partners LLC now owns 2,687,213 shares of the company’s stock valued at $202,061,000 after acquiring an additional 72,106 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Avantis Emerging Markets Equity ETF by 25.9% during the 2nd quarter. American Century Companies Inc. now owns 2,430,093 shares of the company’s stock worth $166,559,000 after purchasing an additional 499,860 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 1.4%

Shares of AVEM opened at $88.74 on Wednesday. Avantis Emerging Markets Equity ETF has a 52-week low of $52.52 and a 52-week high of $89.01. The company has a 50-day simple moving average of $81.77 and a 200-day simple moving average of $77.42. The company has a market capitalization of $19.61 billion, a PE ratio of 12.66 and a beta of 0.68.

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.