Annex Advisory Services LLC Acquires 307,011 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Annex Advisory Services LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 13.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,539,099 shares of the company’s stock after buying an additional 307,011 shares during the quarter. Avantis Emerging Markets Equity ETF makes up about 5.2% of Annex Advisory Services LLC’s investment portfolio, making the stock its 4th largest holding. Annex Advisory Services LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $164,026,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Savant Capital LLC raised its stake in Avantis Emerging Markets Equity ETF by 7.5% during the second quarter. Savant Capital LLC now owns 14,181,306 shares of the company’s stock valued at $866,336,000 after buying an additional 992,460 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Avantis Emerging Markets Equity ETF by 10.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,162,990 shares of the company’s stock valued at $498,677,000 after acquiring an additional 803,346 shares in the last quarter. Haverford Trust Co lifted its stake in Avantis Emerging Markets Equity ETF by 1.7% during the first quarter. Haverford Trust Co now owns 2,232,347 shares of the company’s stock worth $129,387,000 after purchasing an additional 37,682 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 7,528.9% in the second quarter. Strategic Financial Concepts LLC now owns 2,157,235 shares of the company’s stock worth $131,785,000 after purchasing an additional 2,128,958 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Avantis Emerging Markets Equity ETF by 6.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,419,688 shares of the company’s stock valued at $86,729,000 after purchasing an additional 91,009 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Avantis Emerging Markets Equity ETF stock opened at $64.86 on Friday. Avantis Emerging Markets Equity ETF has a 1 year low of $50.65 and a 1 year high of $66.31. The firm’s 50-day moving average is $61.83 and its 200-day moving average is $60.86. The company has a market cap of $5.80 billion, a P/E ratio of 9.91 and a beta of 0.88.

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.