PNC Financial Services Group Inc. Purchases 131,390 Shares of Avantis Emerging Markets Equity ETF $AVEM

PNC Financial Services Group Inc. grew its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 6.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,329,760 shares of the company’s stock after buying an additional 131,390 shares during the period. PNC Financial Services Group Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $187,732,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AVEM. AQR Capital Management LLC raised its stake in Avantis Emerging Markets Equity ETF by 13.2% in the 1st quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock worth $1,336,000 after purchasing an additional 2,596 shares in the last quarter. M&T Bank Corp bought a new stake in Avantis Emerging Markets Equity ETF in the 2nd quarter valued at about $287,000. Diversify Advisory Services LLC bought a new stake in Avantis Emerging Markets Equity ETF in the 2nd quarter valued at about $478,000. Diversify Wealth Management LLC grew its position in shares of Avantis Emerging Markets Equity ETF by 20.3% during the 2nd quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock worth $946,000 after purchasing an additional 2,244 shares in the last quarter. Finally, Quantinno Capital Management LP grew its position in shares of Avantis Emerging Markets Equity ETF by 74.1% during the 2nd quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock worth $1,010,000 after purchasing an additional 6,271 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 0.1%

Shares of AVEM opened at $91.59 on Thursday. Avantis Emerging Markets Equity ETF has a 12 month low of $68.27 and a 12 month high of $100.83. The firm’s 50 day moving average is $94.39 and its 200-day moving average is $88.16. The stock has a market capitalization of $25.51 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.