Hopwood Nicholas Hunter Buys New Stake in Avantis Emerging Markets Equity ETF $AVEM

Hopwood Nicholas Hunter bought a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 18,272 shares of the company’s stock, valued at approximately $1,763,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of America Corp DE lifted its position in shares of Avantis Emerging Markets Equity ETF by 45.1% during the 1st quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock worth $2,310,765,000 after purchasing an additional 8,908,264 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 4.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock worth $741,503,000 after buying an additional 418,018 shares during the last quarter. Align Financial LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at approximately $528,227,000. Wells Fargo & Company MN boosted its position in shares of Avantis Emerging Markets Equity ETF by 17.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock valued at $437,145,000 after acquiring an additional 837,069 shares during the period. Finally, Morgan Stanley grew its stake in shares of Avantis Emerging Markets Equity ETF by 12.6% in the fourth quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock worth $435,908,000 after acquiring an additional 631,367 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 1.5%

Shares of AVEM stock opened at $96.81 on Friday. Avantis Emerging Markets Equity ETF has a 1 year low of $71.68 and a 1 year high of $100.83. The firm’s fifty day simple moving average is $92.57 and its 200 day simple moving average is $90.34. The firm has a market capitalization of $27.55 billion, a P/E ratio of 12.66 and a beta of 0.75.

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.