Glenview Trust Co Has $4.91 Million Position in Avantis Emerging Markets Equity ETF $AVEM

Glenview Trust Co raised its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 106.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 60,913 shares of the company’s stock after purchasing an additional 31,443 shares during the period. Glenview Trust Co’s holdings in Avantis Emerging Markets Equity ETF were worth $4,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in AVEM. Bank of America Corp DE boosted its position in shares of Avantis Emerging Markets Equity ETF by 1,271.2% during 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 acquiring an additional 16,265,184 shares in the last quarter. Align Financial LLC acquired a new stake in Avantis Emerging Markets Equity ETF during the fourth quarter valued at approximately $528,227,000. Kestra Investment Management LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 3,618.9% during the fourth quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock valued at $113,646,000 after purchasing an additional 1,435,866 shares in the last quarter. Maseco LLP acquired a new stake in Avantis Emerging Markets Equity ETF during the first quarter valued at approximately $93,504,000. Finally, LPL Financial LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 39.6% in the 4th quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock valued at $288,100,000 after purchasing an additional 1,061,034 shares during the period.

Avantis Emerging Markets Equity ETF Trading Up 2.7%

Shares of AVEM opened at $91.70 on Wednesday. Avantis Emerging Markets Equity ETF has a 1 year low of $68.27 and a 1 year high of $100.83. The stock has a 50 day simple moving average of $94.45 and a 200-day simple moving average of $88.06. The stock has a market cap of $25.54 billion, a PE ratio of 12.66 and a beta of 0.73.

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.