JRM Investment Counsel LLC Increases Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

JRM Investment Counsel LLC increased its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 6.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 336,701 shares of the company’s stock after acquiring an additional 19,940 shares during the quarter. Avantis Emerging Markets Equity ETF comprises about 7.2% of JRM Investment Counsel LLC’s investment portfolio, making the stock its 5th biggest holding. JRM Investment Counsel LLC owned about 0.13% of Avantis Emerging Markets Equity ETF worth $27,131,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Bank of America Corp DE increased its stake 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 purchasing an additional 16,265,184 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Avantis Emerging Markets Equity ETF by 4.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock worth $741,503,000 after purchasing an additional 418,018 shares in the last quarter. Align Financial LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF in the 4th quarter worth approximately $528,227,000. Wells Fargo & Company MN grew its stake in shares of Avantis Emerging Markets Equity ETF by 17.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock worth $437,145,000 after buying an additional 837,069 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of Avantis Emerging Markets Equity ETF by 12.6% in the 4th quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock worth $435,908,000 after buying an additional 631,367 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Down 0.7%

AVEM stock opened at $90.96 on Friday. Avantis Emerging Markets Equity ETF has a twelve month low of $68.27 and a twelve month high of $100.83. The firm has a market cap of $25.55 billion, a PE ratio of 12.66 and a beta of 0.73. The business has a 50 day moving average of $94.31 and a 200 day moving average of $88.24.

Avantis Emerging Markets Equity ETF Company 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.