D.A. Davidson & CO. Acquires New Holdings in Avantis Emerging Markets Equity ETF $AVEM

D.A. Davidson & CO. bought a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,705 shares of the company’s stock, valued at approximately $621,000.

Several other large investors also recently added to or reduced their stakes in AVEM. Bank of America Corp DE lifted its stake in shares of Avantis Emerging Markets Equity ETF by 1,271.2% in the 2nd quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock valued at $1,202,511,000 after purchasing an additional 16,265,184 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in Avantis Emerging Markets Equity ETF by 4.5% during the fourth 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 during the last quarter. Align Financial LLC acquired a new position in Avantis Emerging Markets Equity ETF during the fourth quarter worth $528,227,000. Wells Fargo & Company MN raised its holdings in Avantis Emerging Markets Equity ETF by 17.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock valued at $437,145,000 after buying an additional 837,069 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Avantis Emerging Markets Equity ETF by 12.6% during the fourth 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 in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:AVEM opened at $90.96 on Friday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $68.27 and a fifty-two week high of $100.83. The business has a 50-day moving average of $94.31 and a two-hundred day moving average of $88.24. The stock has a market capitalization of $25.55 billion, a P/E ratio of 12.66 and a beta of 0.73.

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.