UBS Group AG Acquires 66,385 Shares of Avantis Emerging Markets Equity ETF $AVEM

UBS Group AG lifted its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,017,791 shares of the company’s stock after buying an additional 66,385 shares during the period. UBS Group AG’s holdings in Avantis Emerging Markets Equity ETF were worth $78,390,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. American Capital Advisory LLC acquired a new position in Avantis Emerging Markets Equity ETF during the third quarter worth $30,000. Team Financial Group LLC raised its holdings in Avantis Emerging Markets Equity ETF by 184.2% during the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after buying an additional 361 shares in the last quarter. Spire Wealth Management lifted its position in shares of Avantis Emerging Markets Equity ETF by 324.9% in the third quarter. Spire Wealth Management now owns 752 shares of the company’s stock worth $56,000 after buying an additional 575 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter worth about $57,000. Finally, CX Institutional bought a new stake in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth about $61,000.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA AVEM opened at $90.53 on Monday. The business’s 50-day simple moving average is $84.65 and its 200-day simple moving average is $81.08. Avantis Emerging Markets Equity ETF has a 52 week low of $61.57 and a 52 week high of $91.31. The firm has a market cap of $23.61 billion, a price-to-earnings ratio of 12.66 and a beta of 0.72.

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.