Renaissance Technologies LLC Boosts Holdings in Avantis Emerging Markets Equity ETF $AVEM

Renaissance Technologies LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 982.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 74,700 shares of the company’s stock after purchasing an additional 67,800 shares during the quarter. Renaissance Technologies LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $6,019,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AVEM. Winch Advisory Services LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 1st quarter worth approximately $26,000. Rothschild Investment LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 192.7% during the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after buying an additional 289 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in Avantis Emerging Markets Equity ETF in the fourth quarter valued at $36,000. Hantz Financial Services Inc. increased its holdings in Avantis Emerging Markets Equity ETF by 49.5% in the fourth quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock valued at $43,000 after buying an additional 183 shares in the last quarter. Finally, Motiv8 Investments LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter worth about $47,000.

Avantis Emerging Markets Equity ETF Stock Down 0.5%

AVEM stock opened at $92.18 on Thursday. The company’s 50-day simple moving average is $93.66 and its 200-day simple moving average is $88.83. Avantis Emerging Markets Equity ETF has a 52-week low of $69.57 and a 52-week high of $100.83. The firm has a market cap of $26.23 billion, a P/E ratio of 12.66 and a beta of 0.74.

Avantis Emerging Markets Equity ETF 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.