Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Shares Acquired by Comerica Bank

Comerica Bank boosted its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 60.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,128 shares of the company’s stock after purchasing an additional 15,058 shares during the period. Comerica Bank’s holdings in Avantis Emerging Markets Equity ETF were worth $2,359,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC grew its holdings in Avantis Emerging Markets Equity ETF by 7,223.2% during the 4th quarter. Strategic Financial Concepts LLC now owns 2,894,202 shares of the company’s stock worth $170,150,000 after acquiring an additional 2,854,681 shares in the last quarter. Savant Capital LLC grew its stake in Avantis Emerging Markets Equity ETF by 7.6% in the fourth quarter. Savant Capital LLC now owns 16,567,391 shares of the company’s stock worth $973,997,000 after purchasing an additional 1,172,561 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Avantis Emerging Markets Equity ETF by 8.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 14,915,520 shares of the company’s stock valued at $876,883,000 after buying an additional 1,115,487 shares during the last quarter. Merit Financial Group LLC raised its stake in Avantis Emerging Markets Equity ETF by 486.2% during the fourth quarter. Merit Financial Group LLC now owns 713,524 shares of the company’s stock valued at $41,948,000 after buying an additional 591,800 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Avantis Emerging Markets Equity ETF by 40.0% during the 4th quarter. Wells Fargo & Company MN now owns 2,061,263 shares of the company’s stock worth $121,182,000 after buying an additional 589,303 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 0.2 %

Shares of NYSEARCA AVEM opened at $61.66 on Friday. The company has a market capitalization of $8.24 billion, a price-to-earnings ratio of 11.74 and a beta of 0.67. Avantis Emerging Markets Equity ETF has a twelve month low of $52.52 and a twelve month high of $66.31. The business has a 50 day simple moving average of $59.72 and a 200-day simple moving average of $60.30.

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.