M&T Bank Corp Buys 508,316 Shares of Avantis Emerging Markets Equity ETF $AVEM

M&T Bank Corp boosted its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 12,151.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 512,499 shares of the company’s stock after purchasing an additional 508,316 shares during the quarter. M&T Bank Corp owned about 0.23% of Avantis Emerging Markets Equity ETF worth $39,473,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVEM. AQR Capital Management LLC boosted its position in Avantis Emerging Markets Equity ETF by 13.2% during the first quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock worth $1,336,000 after purchasing an additional 2,596 shares during the period. Diversify Advisory Services LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF in the second quarter valued at about $478,000. Diversify Wealth Management LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 20.3% in the second quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock valued at $946,000 after acquiring an additional 2,244 shares during the period. Quantinno Capital Management LP boosted its position in shares of Avantis Emerging Markets Equity ETF by 74.1% in the second quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock valued at $1,010,000 after acquiring an additional 6,271 shares during the period. Finally, Betterment LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 109.0% in the second quarter. Betterment LLC now owns 25,672 shares of the company’s stock valued at $1,760,000 after acquiring an additional 13,387 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of Avantis Emerging Markets Equity ETF stock opened at $89.82 on Thursday. The firm has a 50-day moving average of $84.29 and a 200-day moving average of $80.46. The stock has a market cap of $23.17 billion, a PE ratio of 12.66 and a beta of 0.67. Avantis Emerging Markets Equity ETF has a 52-week low of $59.47 and a 52-week high of $90.68.

Avantis Emerging Markets Equity ETF 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.