Mission Wealth Management LP Buys 7,627 Shares of Avantis Emerging Markets Equity ETF $AVEM

Mission Wealth Management LP lifted its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 539,720 shares of the company’s stock after acquiring an additional 7,627 shares during the period. Avantis Emerging Markets Equity ETF makes up about 0.8% of Mission Wealth Management LP’s investment portfolio, making the stock its 18th largest position. Mission Wealth Management LP’s holdings in Avantis Emerging Markets Equity ETF were worth $40,538,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in shares of Avantis Emerging Markets Equity ETF by 1,271.2% during the 2nd quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock worth $1,202,511,000 after purchasing an additional 16,265,184 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Avantis Emerging Markets Equity ETF by 16.5% in 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 purchasing an additional 2,483,487 shares during the last quarter. Vantagepoint Investment Advisers LLC bought a new position in Avantis Emerging Markets Equity ETF during the third quarter worth about $170,265,000. PNC Financial Services Group Inc. increased its position in Avantis Emerging Markets Equity ETF by 307.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,795,928 shares of the company’s stock worth $123,093,000 after buying an additional 1,355,637 shares during the last quarter. Finally, Midwest Trust Co acquired a new position in Avantis Emerging Markets Equity ETF during the second quarter worth approximately $47,678,000.

Avantis Emerging Markets Equity ETF Stock Up 0.3%

AVEM opened at $83.40 on Tuesday. Avantis Emerging Markets Equity ETF has a 12-month low of $52.52 and a 12-month high of $85.65. The stock has a market cap of $18.41 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. The business has a 50 day moving average of $78.82 and a 200-day moving average of $75.63.

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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.