Bank of Montreal Can Purchases 542,486 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Bank of Montreal Can increased its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 103.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,065,598 shares of the company’s stock after acquiring an additional 542,486 shares during the quarter. Bank of Montreal Can’s holdings in Avantis Emerging Markets Equity ETF were worth $62,647,000 at the end of the most recent reporting period.

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

Avantis Emerging Markets Equity ETF Stock Up 6.8 %

Shares of AVEM stock opened at $56.70 on Thursday. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 12.56 and a beta of 0.67. The stock has a fifty day moving average of $60.04 and a 200 day moving average of $61.00. Avantis Emerging Markets Equity ETF has a 52 week low of $52.52 and a 52 week high of $66.31.

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.