Avantis Emerging Markets Equity ETF $AVEM Stake Lifted by Focus Partners Wealth

Focus Partners Wealth boosted its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 2.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,740,003 shares of the company’s stock after purchasing an additional 34,748 shares during the period. Focus Partners Wealth’s holdings in Avantis Emerging Markets Equity ETF were worth $130,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Savant Capital LLC grew its position in shares of Avantis Emerging Markets Equity ETF by 3.2% during the third quarter. Savant Capital LLC now owns 18,469,078 shares of the company’s stock worth $1,387,215,000 after acquiring an additional 564,371 shares during the last quarter. Bank of America Corp DE lifted its position in Avantis Emerging Markets Equity ETF by 4.9% in the 3rd quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock valued at $1,382,953,000 after purchasing an additional 867,710 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Avantis Emerging Markets Equity ETF by 28.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,062,191 shares of the company’s stock valued at $209,883,000 after purchasing an additional 670,844 shares during the period. Cerity Partners LLC grew its position in Avantis Emerging Markets Equity ETF by 2.8% in the 3rd quarter. Cerity Partners LLC now owns 2,687,213 shares of the company’s stock worth $202,061,000 after purchasing an additional 72,106 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Avantis Emerging Markets Equity ETF by 25.9% in 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 during the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 0.3%

Shares of NYSEARCA:AVEM opened at $80.47 on Monday. The firm’s 50 day moving average is $83.74 and its two-hundred day moving average is $78.61. The firm has a market capitalization of $17.78 billion, a P/E ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a 52 week low of $52.52 and a 52 week high of $89.75.

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.