Parallel Advisors LLC Makes New $2.73 Million Investment in Avantis Emerging Markets Equity ETF $AVEM

Parallel Advisors LLC acquired a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 36,371 shares of the company’s stock, valued at approximately $2,732,000.

Several other large investors have also made changes to their positions in the business. AQR Capital Management LLC raised its position in Avantis Emerging Markets Equity ETF by 13.2% during the first quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock worth $1,336,000 after acquiring an additional 2,596 shares during the period. Bank of New York Mellon Corp raised its position in shares of Avantis Emerging Markets Equity ETF by 50.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 152,873 shares of the company’s stock worth $10,478,000 after purchasing an additional 51,599 shares during the last quarter. AE Wealth Management LLC lifted its stake in Avantis Emerging Markets Equity ETF by 62.2% in the 2nd quarter. AE Wealth Management LLC now owns 4,645 shares of the company’s stock valued at $318,000 after buying an additional 1,781 shares in the last quarter. Nwam LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 14.6% in the 2nd quarter. Nwam LLC now owns 19,290 shares of the company’s stock worth $1,343,000 after buying an additional 2,459 shares during the last quarter. Finally, CENTRAL TRUST Co increased its stake in Avantis Emerging Markets Equity ETF by 45.4% during the 2nd quarter. CENTRAL TRUST Co now owns 26,016 shares of the company’s stock worth $1,783,000 after buying an additional 8,120 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA AVEM opened at $82.81 on Tuesday. The stock’s 50 day simple moving average is $83.40 and its 200-day simple moving average is $78.32. The company has a market cap of $18.30 billion, a PE ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a 1-year low of $52.52 and a 1-year high of $89.75.

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.