Bank of New York Mellon Corp Raises Position in Avantis Emerging Markets Equity ETF $AVEM

Bank of New York Mellon Corp increased its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 151.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 528,977 shares of the company’s stock after acquiring an additional 318,588 shares during the period. Bank of New York Mellon Corp owned approximately 0.20% of Avantis Emerging Markets Equity ETF worth $42,625,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Winch Advisory Services LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the 1st quarter worth approximately $26,000. Rothschild Investment LLC lifted its holdings in Avantis Emerging Markets Equity ETF by 192.7% during the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock valued at $34,000 after purchasing an additional 289 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Avantis Emerging Markets Equity ETF in the 4th quarter worth $36,000. Hantz Financial Services Inc. boosted its stake in Avantis Emerging Markets Equity ETF by 49.5% in the 4th quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock worth $43,000 after purchasing an additional 183 shares during the period. Finally, Team Financial Group LLC grew its stake in Avantis Emerging Markets Equity ETF by 184.2% during the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after acquiring an additional 361 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA AVEM opened at $89.29 on Friday. The stock has a 50 day moving average price of $94.26 and a 200-day moving average price of $88.25. Avantis Emerging Markets Equity ETF has a one year low of $68.27 and a one year high of $100.83. The company has a market capitalization of $25.08 billion, a P/E ratio of 12.66 and a beta of 0.73.

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.