Fifth Third Bancorp Has $48.97 Million Stock Position in Avantis Emerging Markets Equity ETF $AVEM

Fifth Third Bancorp raised its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 20.1% in the 4th quarter, HoldingsChannel reports. The fund owned 635,746 shares of the company’s stock after purchasing an additional 106,443 shares during the period. Fifth Third Bancorp’s holdings in Avantis Emerging Markets Equity ETF were worth $48,965,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 13.2% in the 1st quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock worth $1,336,000 after buying an additional 2,596 shares in the last quarter. M&T Bank Corp acquired a new position in shares of Avantis Emerging Markets Equity ETF in the 2nd quarter worth approximately $287,000. Diversify Advisory Services LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF in the 2nd quarter worth approximately $478,000. Diversify Wealth Management LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 20.3% in the 2nd quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock worth $946,000 after buying an additional 2,244 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of Avantis Emerging Markets Equity ETF by 74.1% in the 2nd quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock worth $1,010,000 after buying an additional 6,271 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 0.2%

Shares of AVEM opened at $90.53 on Friday. Avantis Emerging Markets Equity ETF has a 1 year low of $61.57 and a 1 year high of $91.31. The stock has a 50 day simple moving average of $84.65 and a 200-day simple moving average of $80.99. The stock has a market cap of $23.61 billion, a PE ratio of 12.66 and a beta of 0.72.

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.