Activest Wealth Management Buys 97,653 Shares of Avantis Emerging Markets Equity ETF $AVEM

Activest Wealth Management grew its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 683.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,947 shares of the company’s stock after purchasing an additional 97,653 shares during the period. Avantis Emerging Markets Equity ETF makes up 1.7% of Activest Wealth Management’s investment portfolio, making the stock its 12th largest holding. Activest Wealth Management’s holdings in Avantis Emerging Markets Equity ETF were worth $8,408,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of AVEM. Savant Capital LLC boosted its position in Avantis Emerging Markets Equity ETF by 0.9% during the 2nd quarter. Savant Capital LLC now owns 17,904,707 shares of the company’s stock valued at $1,227,189,000 after acquiring an additional 157,957 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Avantis Emerging Markets Equity ETF by 1,271.2% in the 2nd quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock valued at $1,202,511,000 after purchasing an additional 16,265,184 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Avantis Emerging Markets Equity ETF by 16.5% during the second quarter. Envestnet Asset Management Inc. now owns 17,514,256 shares of the company’s stock valued at $1,200,426,000 after purchasing an additional 2,483,487 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Avantis Emerging Markets Equity ETF by 28.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,062,191 shares of the company’s stock valued at $209,883,000 after purchasing an additional 670,844 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in Avantis Emerging Markets Equity ETF by 2.8% in the third quarter. Cerity Partners LLC now owns 2,687,213 shares of the company’s stock worth $202,061,000 after purchasing an additional 72,106 shares during the period.

Avantis Emerging Markets Equity ETF Trading Up 0.7%

AVEM opened at $85.21 on Thursday. The company has a market cap of $18.65 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. The stock has a fifty day simple moving average of $78.30 and a two-hundred day simple moving average of $75.29. Avantis Emerging Markets Equity ETF has a 12-month low of $52.52 and a 12-month high of $85.37.

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.