Bauman Advisory Group LLC Purchases New Position in Avantis Emerging Markets Equity ETF $AVEM

Bauman Advisory Group LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 26,481 shares of the company’s stock, valued at approximately $2,134,000. Avantis Emerging Markets Equity ETF comprises approximately 1.5% of Bauman Advisory Group LLC’s investment portfolio, making the stock its 16th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE raised its holdings 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 valued at $1,202,511,000 after acquiring an additional 16,265,184 shares in the last quarter. Align Financial LLC purchased a new position in Avantis Emerging Markets Equity ETF during the 4th quarter valued at $528,227,000. Kestra Investment Management LLC raised its holdings in Avantis Emerging Markets Equity ETF by 3,618.9% in the 4th quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock worth $113,646,000 after purchasing an additional 1,435,866 shares in the last quarter. Maseco LLP bought a new position in Avantis Emerging Markets Equity ETF in the 1st quarter worth $93,504,000. Finally, LPL Financial LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 39.6% in the 4th quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock worth $288,100,000 after purchasing an additional 1,061,034 shares during the period.

Avantis Emerging Markets Equity ETF Trading Down 1.7%

Shares of AVEM opened at $90.39 on Friday. The firm’s 50-day moving average price is $94.74 and its 200-day moving average price is $87.78. The firm has a market capitalization of $25.03 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 1-year low of $68.27 and a 1-year high of $100.83.

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.