South Plains Financial Inc. Grows Stock Position in Avantis Emerging Markets Equity ETF $AVEM

South Plains Financial Inc. increased its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 720.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,012 shares of the company’s stock after purchasing an additional 7,914 shares during the period. South Plains Financial Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $677,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of Avantis Emerging Markets Equity ETF by 1,271.2% during 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 acquiring an additional 16,265,184 shares during the last quarter. Vantagepoint Investment Advisers LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter valued at about $170,265,000. PNC Financial Services Group Inc. grew its holdings in shares of Avantis Emerging Markets Equity ETF by 307.9% during 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 purchasing an additional 1,355,637 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Avantis Emerging Markets Equity ETF by 350.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,404,304 shares of the company’s stock valued at $105,477,000 after purchasing an additional 1,092,814 shares during the period. Finally, BOKF NA boosted its stake in shares of Avantis Emerging Markets Equity ETF by 9,498.3% during the 3rd quarter. BOKF NA now owns 861,253 shares of the company’s stock worth $64,689,000 after acquiring an additional 852,280 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 2.9%

NYSEARCA:AVEM opened at $80.72 on Friday. The stock has a fifty day moving average price of $83.71 and a 200 day moving average price of $78.45. Avantis Emerging Markets Equity ETF has a 12-month low of $52.52 and a 12-month high of $89.75. The firm has a market cap of $17.84 billion, a PE ratio of 12.66 and a beta of 0.68.

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