Avantis Emerging Markets Equity ETF $AVEM Stock Acquired by Verus Wealth Management LLC

Verus Wealth Management LLC raised its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 14.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,418 shares of the company’s stock after purchasing an additional 6,586 shares during the period. Avantis Emerging Markets Equity ETF makes up approximately 3.1% of Verus Wealth Management LLC’s investment portfolio, making the stock its 11th biggest position. Verus Wealth Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $5,022,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 45.1% in the 1st quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock valued at $2,310,765,000 after purchasing an additional 8,908,264 shares in the last quarter. Align Financial LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the 4th quarter valued at $528,227,000. PNC Financial Services Group Inc. increased its stake in shares of Avantis Emerging Markets Equity ETF by 6.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,329,760 shares of the company’s stock valued at $187,732,000 after purchasing an additional 131,390 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 9.5% during the 4th quarter. MML Investors Services LLC now owns 1,972,171 shares of the company’s stock worth $151,897,000 after buying an additional 171,532 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Avantis Emerging Markets Equity ETF by 13.3% during the 1st quarter. Cetera Investment Advisers now owns 1,868,208 shares of the company’s stock worth $150,540,000 after buying an additional 219,618 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM stock traded down $0.45 on Tuesday, hitting $92.82. 2,222,654 shares of the company’s stock were exchanged, compared to its average volume of 1,913,460. Avantis Emerging Markets Equity ETF has a 12 month low of $73.79 and a 12 month high of $100.83. The stock has a market cap of $28.06 billion, a P/E ratio of 12.66 and a beta of 0.75. The company has a 50 day moving average of $94.26 and a 200 day moving average of $92.39.

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.