Avantis Emerging Markets Equity ETF $AVEM Shares Bought by Factor Wealth Management LTD

Factor Wealth Management LTD grew its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 18.9% in the third quarter, HoldingsChannel.com reports. The fund owned 60,430 shares of the company’s stock after buying an additional 9,585 shares during the quarter. Avantis Emerging Markets Equity ETF comprises 0.9% of Factor Wealth Management LTD’s portfolio, making the stock its 29th biggest position. Factor Wealth Management LTD’s holdings in Avantis Emerging Markets Equity ETF were worth $5,682,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bank of America Corp DE boosted its stake in Avantis Emerging Markets Equity ETF by 45.1% in the first 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 in the last quarter. Align Financial LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF during the fourth quarter worth $528,227,000. Maseco LLP acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the first quarter valued at $93,504,000. Parallel Advisors LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 1,654.5% in the first quarter. Parallel Advisors LLC now owns 760,155 shares of the company’s stock valued at $61,253,000 after buying an additional 716,830 shares during the last quarter. Finally, Atwood & Palmer Inc. acquired a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter worth about $64,229,000.

Avantis Emerging Markets Equity ETF Stock Down 1.8%

NYSEARCA:AVEM traded down $1.71 during mid-day trading on Thursday, reaching $93.24. 1,518,466 shares of the company were exchanged, compared to its average volume of 1,912,937. Avantis Emerging Markets Equity ETF has a 12 month low of $72.94 and a 12 month high of $100.83. The company has a fifty day moving average of $94.10 and a 200 day moving average of $92.13. The stock has a market cap of $28.16 billion, a PE ratio of 12.66 and a beta of 0.75.

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.