Merit Financial Group LLC Raises Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Merit Financial Group LLC boosted its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 486.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 713,524 shares of the company’s stock after purchasing an additional 591,800 shares during the period. Avantis Emerging Markets Equity ETF comprises approximately 0.8% of Merit Financial Group LLC’s portfolio, making the stock its 28th largest holding. Merit Financial Group LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $41,948,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AVEM. Jane Street Group LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 380.2% during the 3rd quarter. Jane Street Group LLC now owns 1,421,298 shares of the company’s stock valued at $91,816,000 after acquiring an additional 1,125,300 shares during the period. MML Investors Services LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF by 270.3% during the third quarter. MML Investors Services LLC now owns 941,220 shares of the company’s stock valued at $60,803,000 after purchasing an additional 687,056 shares during the period. Bank of Montreal Can grew its holdings in shares of Avantis Emerging Markets Equity ETF by 26,155,500.0% in the third quarter. Bank of Montreal Can now owns 523,112 shares of the company’s stock worth $34,264,000 after purchasing an additional 523,110 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 31.1% in the third quarter. Cerity Partners LLC now owns 2,134,443 shares of the company’s stock worth $137,885,000 after buying an additional 506,778 shares during the period. Finally, Cannon Financial Strategists Inc. bought a new stake in Avantis Emerging Markets Equity ETF during the 2nd quarter valued at $20,287,000.

Avantis Emerging Markets Equity ETF Stock Up 0.7 %

Shares of Avantis Emerging Markets Equity ETF stock opened at $58.82 on Friday. The company’s fifty day simple moving average is $60.26 and its two-hundred day simple moving average is $61.44. Avantis Emerging Markets Equity ETF has a 12-month low of $53.21 and a 12-month high of $66.31. The firm has a market cap of $5.26 billion, a PE 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.