Rainier Family Wealth Inc. Makes New Investment in Avantis Emerging Markets Equity ETF $AVEM

Rainier Family Wealth Inc. bought a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 32,903 shares of the company’s stock, valued at approximately $2,651,000. Avantis Emerging Markets Equity ETF comprises 1.8% of Rainier Family Wealth Inc.’s holdings, making the stock its 17th largest holding.

Several other institutional investors also recently modified their holdings of AVEM. Bank of America Corp DE increased its position 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. Align Financial LLC purchased a new position in Avantis Emerging Markets Equity ETF in the fourth quarter worth $528,227,000. Kestra Investment Management LLC grew its stake in Avantis Emerging Markets Equity ETF by 3,618.9% in the 4th quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock valued at $113,646,000 after purchasing an additional 1,435,866 shares during the period. JPMorgan Chase & Co. grew its stake 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, LPL Financial LLC grew its stake in Avantis Emerging Markets Equity ETF by 39.6% in the 4th quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock valued at $288,100,000 after purchasing an additional 1,061,034 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

Shares of Avantis Emerging Markets Equity ETF stock opened at $100.18 on Tuesday. The firm has a market cap of $26.13 billion, a PE ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 1 year low of $66.19 and a 1 year high of $100.83. The stock has a fifty day moving average price of $93.24 and a 200-day moving average price of $85.62.

Avantis Emerging Markets Equity ETF 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.