Avantis Emerging Markets Equity ETF $AVEM Shares Acquired by Magnolia Private Wealth LLC

Magnolia Private Wealth LLC grew its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 65.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,472 shares of the company’s stock after acquiring an additional 35,732 shares during the quarter. Avantis Emerging Markets Equity ETF makes up approximately 4.2% of Magnolia Private Wealth LLC’s holdings, making the stock its 4th largest position. Magnolia Private Wealth LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $6,795,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in shares of Avantis Emerging Markets Equity ETF by 1,271.2% during the 2nd quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock worth $1,202,511,000 after purchasing an additional 16,265,184 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Avantis Emerging Markets Equity ETF by 16.5% during the second quarter. Envestnet Asset Management Inc. now owns 17,514,256 shares of the company’s stock valued at $1,200,426,000 after purchasing an additional 2,483,487 shares during the period. Vantagepoint Investment Advisers LLC acquired a new stake in Avantis Emerging Markets Equity ETF in the third quarter worth about $170,265,000. PNC Financial Services Group Inc. increased its stake in Avantis Emerging Markets Equity ETF by 307.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,795,928 shares of the company’s stock valued at $123,093,000 after buying an additional 1,355,637 shares during the period. Finally, Midwest Trust Co acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the 2nd quarter worth approximately $47,678,000.

Avantis Emerging Markets Equity ETF Stock Up 0.1%

Shares of Avantis Emerging Markets Equity ETF stock opened at $85.71 on Wednesday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $52.52 and a fifty-two week high of $85.92. The firm has a market cap of $18.94 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. The business has a fifty day simple moving average of $79.75 and a 200-day simple moving average of $76.22.

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.