Bush Investment Group LLC Takes $771,000 Position in Avantis Emerging Markets Equity ETF $AVEM

Bush Investment Group LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 10,267 shares of the company’s stock, valued at approximately $771,000.

A number of other hedge funds have also recently added to or reduced their stakes in AVEM. Bank of America Corp DE raised its stake in shares of 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 last quarter. Vantagepoint Investment Advisers LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF during the third quarter valued at approximately $170,265,000. JPMorgan Chase & Co. increased its holdings in shares of Avantis Emerging Markets Equity ETF by 350.8% in the third quarter. JPMorgan Chase & Co. now owns 1,404,304 shares of the company’s stock valued at $105,477,000 after purchasing an additional 1,092,814 shares in the last quarter. BOKF NA increased its holdings in shares of Avantis Emerging Markets Equity ETF by 9,498.3% in the third quarter. BOKF NA now owns 861,253 shares of the company’s stock valued at $64,689,000 after purchasing an additional 852,280 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Avantis Emerging Markets Equity ETF by 47.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,263,134 shares of the company’s stock worth $169,989,000 after purchasing an additional 724,811 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA:AVEM opened at $81.60 on Thursday. The company has a market cap of $18.03 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. The stock’s fifty day moving average price is $83.90 and its two-hundred day moving average price is $78.79. Avantis Emerging Markets Equity ETF has a 52-week low of $52.52 and a 52-week high of $89.75.

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.