Fifth Third Bancorp Raises Position in Avantis Emerging Markets Equity ETF $AVEM

Fifth Third Bancorp lifted its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 38.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 879,709 shares of the company’s stock after acquiring an additional 243,963 shares during the quarter. Fifth Third Bancorp owned 0.34% of Avantis Emerging Markets Equity ETF worth $70,887,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Asempa Wealth Advisors acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the 4th quarter valued at $939,000. Breakwater Capital Group grew its stake in shares of Avantis Emerging Markets Equity ETF by 14.8% during the fourth quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock worth $4,045,000 after purchasing an additional 6,774 shares in the last quarter. Greenwood Capital Associates LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 24.5% during the fourth quarter. Greenwood Capital Associates LLC now owns 50,241 shares of the company’s stock worth $3,870,000 after purchasing an additional 9,895 shares in the last quarter. ACT Advisors LLC. increased its holdings in Avantis Emerging Markets Equity ETF by 3.4% in the fourth quarter. ACT Advisors LLC. now owns 307,508 shares of the company’s stock valued at $23,684,000 after buying an additional 10,245 shares during the last quarter. Finally, Armstrong Fleming & Moore Inc increased its holdings in Avantis Emerging Markets Equity ETF by 16.0% in the fourth quarter. Armstrong Fleming & Moore Inc now owns 233,841 shares of the company’s stock valued at $18,010,000 after buying an additional 32,228 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Avantis Emerging Markets Equity ETF stock opened at $94.14 on Monday. The stock has a market cap of $25.90 billion, a PE ratio of 12.66 and a beta of 0.73. The stock’s fifty day moving average is $94.85 and its two-hundred day moving average is $87.37. 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.