Sierra Ocean LLC Makes New Investment in Avantis Emerging Markets Equity ETF $AVEM

Sierra Ocean LLC bought a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 41,668 shares of the company’s stock, valued at approximately $3,918,000. Avantis Emerging Markets Equity ETF accounts for 2.4% of Sierra Ocean LLC’s holdings, making the stock its 12th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in AVEM. Bank of America Corp DE lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 45.1% during the 1st quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock worth $2,310,765,000 after acquiring an additional 8,908,264 shares during the period. Vantagepoint Investment Advisers LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter worth approximately $248,060,000. PNC Financial Services Group Inc. grew its holdings in Avantis Emerging Markets Equity ETF by 6.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,329,760 shares of the company’s stock valued at $187,732,000 after purchasing an additional 131,390 shares during the period. Annex Advisory Services LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the third quarter valued at approximately $157,364,000. Finally, BOKF NA purchased a new stake in Avantis Emerging Markets Equity ETF in the third quarter valued at approximately $152,097,000.

Avantis Emerging Markets Equity ETF Stock Up 1.7%

Shares of NYSEARCA AVEM opened at $83.28 on Friday. The stock has a market capitalization of $26.00 billion, a PE ratio of 12.66 and a beta of 0.79. The firm has a fifty day moving average of $92.13 and a 200-day moving average of $90.09. Avantis Emerging Markets Equity ETF has a 52-week low of $73.79 and a 52-week high of $100.83.

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.