White Pine Investment CO Takes $2.80 Million Position in Avantis Emerging Markets Equity ETF $AVEM

White Pine Investment CO purchased a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 37,259 shares of the company’s stock, valued at approximately $2,799,000.

A number of other hedge funds also recently bought and sold shares of AVEM. Bank of America Corp DE increased its position in shares of Avantis Emerging Markets Equity ETF by 1,271.2% in the second quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock valued at $1,202,511,000 after buying an additional 16,265,184 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Avantis Emerging Markets Equity ETF by 16.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 17,514,256 shares of the company’s stock valued at $1,200,426,000 after buying an additional 2,483,487 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Avantis Emerging Markets Equity ETF by 307.9% in 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 acquiring an additional 1,355,637 shares during the period. Maseco LLP purchased a new stake in Avantis Emerging Markets Equity ETF in the 2nd quarter worth $74,121,000. Finally, Midwest Trust Co purchased a new stake in Avantis Emerging Markets Equity ETF in the 2nd quarter worth $47,678,000.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA:AVEM opened at $76.32 on Tuesday. The stock has a market capitalization of $14.16 billion, a PE ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a fifty-two week low of $52.52 and a fifty-two week high of $78.76. The company has a fifty day moving average of $76.65 and a two-hundred day moving average of $73.06.

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.