Atwood & Palmer Inc. Acquires New Shares in Avantis Emerging Markets Equity ETF $AVEM

Atwood & Palmer Inc. acquired a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the third quarter, Holdings Channel reports. The institutional investor acquired 683,140 shares of the company’s stock, valued at approximately $64,229,000. Avantis Emerging Markets Equity ETF accounts for 3.4% of Atwood & Palmer Inc.’s portfolio, making the stock its 4th largest holding.

Several other institutional investors have also recently made changes to their positions in AVEM. Bank of America Corp DE lifted its stake in shares of Avantis Emerging Markets Equity ETF by 45.1% in the 1st quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock valued at $2,310,765,000 after purchasing an additional 8,908,264 shares during the period. Align Financial LLC acquired a new stake in Avantis Emerging Markets Equity ETF during the fourth quarter valued at $528,227,000. PNC Financial Services Group Inc. increased its holdings in Avantis Emerging Markets Equity ETF by 6.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,329,760 shares of the company’s stock valued at $187,732,000 after buying an additional 131,390 shares in the last quarter. MML Investors Services LLC increased its holdings in Avantis Emerging Markets Equity ETF by 9.5% in the fourth quarter. MML Investors Services LLC now owns 1,972,171 shares of the company’s stock valued at $151,897,000 after buying an additional 171,532 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Avantis Emerging Markets Equity ETF by 13.3% in the first quarter. Cetera Investment Advisers now owns 1,868,208 shares of the company’s stock worth $150,540,000 after acquiring an additional 219,618 shares during the period.

Avantis Emerging Markets Equity ETF Stock Down 1.8%

Shares of AVEM stock traded down $1.71 during mid-day trading on Thursday, hitting $93.24. 1,518,466 shares of the stock were exchanged, compared to its average volume of 1,912,937. The firm has a fifty day moving average of $94.10 and a 200 day moving average of $92.13. Avantis Emerging Markets Equity ETF has a 52-week low of $72.94 and a 52-week high of $100.83. The company has a market cap of $28.16 billion, a PE 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.