Avantis Emerging Markets Equity ETF $AVEM Shares Purchased by Heritage Family Offices LLP

Heritage Family Offices LLP grew its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 16.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,433 shares of the company’s stock after purchasing an additional 16,201 shares during the quarter. Avantis Emerging Markets Equity ETF makes up 3.6% of Heritage Family Offices LLP’s investment portfolio, making the stock its 3rd largest holding. Heritage Family Offices LLP’s holdings in Avantis Emerging Markets Equity ETF were worth $11,041,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AVEM. Bank of America Corp DE grew its position in Avantis Emerging Markets Equity ETF by 45.1% during the first quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock valued at $2,310,765,000 after buying an additional 8,908,264 shares during the period. Vantagepoint Investment Advisers LLC purchased a new stake in Avantis Emerging Markets Equity ETF during the third quarter worth about $248,060,000. PNC Financial Services Group Inc. raised its position in Avantis Emerging Markets Equity ETF by 6.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,329,760 shares of the company’s stock worth $187,732,000 after acquiring an additional 131,390 shares during the period. Cetera Investment Advisers raised its position in Avantis Emerging Markets Equity ETF by 13.3% in the first quarter. Cetera Investment Advisers now owns 1,868,208 shares of the company’s stock worth $150,540,000 after acquiring an additional 219,618 shares during the period. Finally, Annex Advisory Services LLC bought a new stake in Avantis Emerging Markets Equity ETF in the third quarter worth about $157,364,000.

Avantis Emerging Markets Equity ETF Stock Performance

AVEM traded up $1.41 during midday trading on Friday, reaching $83.28. The company had a trading volume of 3,374,162 shares, compared to its average volume of 1,950,924. The stock has a market cap of $26.00 billion, a PE ratio of 12.66 and a beta of 0.79. Avantis Emerging Markets Equity ETF has a 12-month low of $73.79 and a 12-month high of $100.83. The business has a 50-day moving average price of $92.13 and a two-hundred day moving average price of $90.09.

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.