Cetera Investment Advisers Acquires 219,618 Shares of Avantis Emerging Markets Equity ETF $AVEM

Cetera Investment Advisers increased its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 13.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,868,208 shares of the company’s stock after buying an additional 219,618 shares during the quarter. Cetera Investment Advisers owned 0.72% of Avantis Emerging Markets Equity ETF worth $150,540,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in AVEM. Bank of America Corp DE raised its position in Avantis Emerging Markets Equity ETF by 1,271.2% in the second quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock worth $1,202,511,000 after acquiring an additional 16,265,184 shares during the period. Mercer Global Advisors Inc. ADV grew its position in shares of Avantis Emerging Markets Equity ETF by 4.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock valued at $741,503,000 after acquiring an additional 418,018 shares during the period. Align Financial LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the 4th quarter worth $528,227,000. Wells Fargo & Company MN raised its holdings in Avantis Emerging Markets Equity ETF by 17.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock worth $437,145,000 after purchasing an additional 837,069 shares during the period. Finally, Morgan Stanley raised its holdings in Avantis Emerging Markets Equity ETF by 12.6% in the 4th quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock worth $435,908,000 after purchasing an additional 631,367 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA:AVEM opened at $91.59 on Thursday. The stock has a 50-day simple moving average of $94.39 and a two-hundred day simple moving average of $88.16. Avantis Emerging Markets Equity ETF has a 52-week low of $68.27 and a 52-week high of $100.83. The firm has a market capitalization of $25.51 billion, a PE ratio of 12.66 and a beta of 0.73.

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.