Avantis Emerging Markets Equity ETF $AVEM Shares Bought by Sonoma Allocations LLC

Sonoma Allocations LLC lifted its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 98.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 44,545 shares of the company’s stock after buying an additional 22,115 shares during the quarter. Avantis Emerging Markets Equity ETF makes up 1.6% of Sonoma Allocations LLC’s portfolio, making the stock its 17th biggest position. Sonoma Allocations LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $4,195,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE raised its stake in Avantis Emerging Markets Equity ETF by 45.1% during the first 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. Mercer Global Advisors Inc. ADV lifted its holdings in Avantis Emerging Markets Equity ETF by 4.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock worth $741,503,000 after acquiring an additional 418,018 shares during the last quarter. Align Financial LLC acquired a new position in Avantis Emerging Markets Equity ETF in the fourth quarter valued at approximately $528,227,000. Wells Fargo & Company MN boosted its stake in Avantis Emerging Markets Equity ETF by 17.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock valued at $437,145,000 after acquiring an additional 837,069 shares during the period. Finally, Morgan Stanley grew its holdings in shares of Avantis Emerging Markets Equity ETF by 12.6% during the fourth quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock valued at $435,908,000 after purchasing an additional 631,367 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 0.7%

NYSEARCA:AVEM opened at $92.27 on Friday. The stock has a 50 day moving average of $93.46 and a 200-day moving average of $88.93. The firm has a market capitalization of $26.26 billion, a PE ratio of 12.66 and a beta of 0.74. Avantis Emerging Markets Equity ETF has a 52 week low of $70.27 and a 52 week high of $100.83.

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.