Avantis Emerging Markets Equity ETF $AVEM Shares Acquired by Assetmark Inc.

Assetmark Inc. raised its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 28,061.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 105,324 shares of the company’s stock after acquiring an additional 104,950 shares during the period. Assetmark Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $7,911,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Savant Capital LLC raised its stake in Avantis Emerging Markets Equity ETF by 3.2% during the third quarter. Savant Capital LLC now owns 18,469,078 shares of the company’s stock worth $1,387,215,000 after purchasing an additional 564,371 shares during the period. Bank of America Corp DE boosted its position in shares of Avantis Emerging Markets Equity ETF by 1,271.2% during 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 buying an additional 16,265,184 shares during the period. Envestnet Asset Management Inc. grew its position in Avantis Emerging Markets Equity ETF by 16.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 17,514,256 shares of the company’s stock valued at $1,200,426,000 after acquiring an additional 2,483,487 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Avantis Emerging Markets Equity ETF by 28.1% in 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 shares of 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 acquiring an additional 72,106 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA AVEM opened at $86.27 on Tuesday. The stock’s 50-day moving average is $80.50 and its two-hundred day moving average is $76.69. Avantis Emerging Markets Equity ETF has a 1-year low of $52.52 and a 1-year high of $87.56. The company has a market cap of $19.07 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68.

About Avantis Emerging Markets Equity ETF

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.