Legacy Financial Group Inc. Buys 12,874 Shares of Avantis Emerging Markets Equity ETF $AVEM

Legacy Financial Group Inc. bought a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,874 shares of the company’s stock, valued at approximately $1,210,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in Avantis Emerging Markets Equity ETF by 45.1% during 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 acquiring an additional 8,908,264 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Avantis Emerging Markets Equity ETF by 6.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,329,760 shares of the company’s stock worth $187,732,000 after purchasing an additional 131,390 shares during the period. Annex Advisory Services LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter worth about $157,364,000. Cetera Investment Advisers lifted its stake in shares of Avantis Emerging Markets Equity ETF by 13.3% in the 1st quarter. Cetera Investment Advisers now owns 1,868,208 shares of the company’s stock valued at $150,540,000 after purchasing an additional 219,618 shares in the last quarter. Finally, Apella Capital LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF by 15.2% in the 3rd quarter. Apella Capital LLC now owns 1,149,116 shares of the company’s stock valued at $109,109,000 after purchasing an additional 151,968 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA AVEM opened at $87.24 on Friday. Avantis Emerging Markets Equity ETF has a 1-year low of $73.79 and a 1-year high of $100.83. The firm has a market capitalization of $26.77 billion, a P/E ratio of 12.66 and a beta of 0.75. The business’s 50-day simple moving average is $93.83 and its 200-day simple moving average is $92.87.

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.