Ewa LLC Makes New Investment in Avantis Emerging Markets Equity ETF $AVEM

Ewa LLC acquired a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 118,153 shares of the company’s stock, valued at approximately $9,521,000. Avantis Emerging Markets Equity ETF comprises approximately 2.2% of Ewa LLC’s holdings, making the stock its 9th largest position.

Several other large investors also recently modified their holdings of AVEM. Bank of America Corp DE lifted its stake in shares of Avantis Emerging Markets Equity ETF by 4.9% in the third quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock worth $1,382,953,000 after acquiring an additional 867,710 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Avantis Emerging Markets Equity ETF by 4.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock worth $741,503,000 after purchasing an additional 418,018 shares during the last quarter. Align Financial LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF in the 4th quarter valued at approximately $528,227,000. Wells Fargo & Company MN raised its position in shares of 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 valued at $437,145,000 after purchasing an additional 837,069 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Avantis Emerging Markets Equity ETF by 12.6% during the 4th quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock valued at $435,908,000 after buying an additional 631,367 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 0.7%

AVEM stock opened at $95.10 on Tuesday. Avantis Emerging Markets Equity ETF has a twelve month low of $68.03 and a twelve month high of $100.83. The company has a market capitalization of $24.80 billion, a P/E ratio of 12.66 and a beta of 0.73. The firm has a 50 day simple moving average of $94.00 and a 200-day simple moving average of $86.25.

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.