CENTRAL TRUST Co Raises Holdings in Avantis Emerging Markets Equity ETF $AVEM

CENTRAL TRUST Co grew its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 46.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,406 shares of the company’s stock after purchasing an additional 31,383 shares during the period. CENTRAL TRUST Co’s holdings in Avantis Emerging Markets Equity ETF were worth $7,930,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Bank of America Corp DE boosted its position in shares of Avantis Emerging Markets Equity ETF by 4.9% during the third quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock valued at $1,382,953,000 after buying an additional 867,710 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Avantis Emerging Markets Equity ETF by 4.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock worth $741,503,000 after buying an additional 418,018 shares in the last quarter. Align Financial LLC purchased a new position in Avantis Emerging Markets Equity ETF in the 4th quarter worth about $528,227,000. Wells Fargo & Company MN raised its position 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 buying an additional 837,069 shares during the last quarter. Finally, Morgan Stanley raised its position 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 buying an additional 631,367 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

AVEM opened at $94.70 on Wednesday. The company’s 50-day simple moving average is $93.42 and its two-hundred day simple moving average is $85.74. The stock has a market capitalization of $24.70 billion, a P/E ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 52-week low of $67.14 and a 52-week high of $100.83.

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.