Adero Partners LLC Increases Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Adero Partners LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 8.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 960,483 shares of the company’s stock after purchasing an additional 71,135 shares during the quarter. Avantis Emerging Markets Equity ETF makes up approximately 3.6% of Adero Partners LLC’s holdings, making the stock its 8th largest position. Adero Partners LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $56,467,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 380.2% during the third 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 Avantis Emerging Markets Equity ETF by 270.3% during the 3rd 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. Merit Financial Group LLC boosted its stake in Avantis Emerging Markets Equity ETF by 486.2% during the 4th quarter. Merit Financial Group LLC now owns 713,524 shares of the company’s stock valued at $41,948,000 after purchasing an additional 591,800 shares during the period. Bank of Montreal Can grew its position in Avantis Emerging Markets Equity ETF by 26,155,500.0% in the 3rd 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. Finally, 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 valued at $137,885,000 after purchasing an additional 506,778 shares during the period.

Avantis Emerging Markets Equity ETF Trading Up 0.1 %

AVEM opened at $59.64 on Thursday. Avantis Emerging Markets Equity ETF has a twelve month low of $55.00 and a twelve month high of $66.31. The stock has a market cap of $5.34 billion, a PE ratio of 9.91 and a beta of 0.88. The business’s 50 day moving average is $59.75 and its 200-day moving average is $61.14.

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.