178,535 Shares in Avantis Emerging Markets Equity ETF $AVEM Acquired by International City Management Association Retirement Corp

International City Management Association Retirement Corp acquired a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 178,535 shares of the company’s stock, valued at approximately $16,786,000. Avantis Emerging Markets Equity ETF accounts for approximately 3.8% of International City Management Association Retirement Corp’s holdings, making the stock its 11th biggest holding.

Several other large investors also recently added to or reduced their stakes in AVEM. Bank of America Corp DE lifted its holdings in shares of 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 valued at $2,310,765,000 after purchasing an additional 8,908,264 shares in the last quarter. Vantagepoint Investment Advisers LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF during the third quarter valued at $248,060,000. PNC Financial Services Group Inc. grew its holdings in shares of Avantis Emerging Markets Equity ETF by 6.0% during 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. Annex Advisory Services LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF during the third quarter valued at $157,364,000. Finally, Cetera Investment Advisers grew its holdings in shares of Avantis Emerging Markets Equity ETF by 13.3% during the first quarter. Cetera Investment Advisers now owns 1,868,208 shares of the company’s stock valued at $150,540,000 after buying an additional 219,618 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 0.5%

NYSEARCA:AVEM opened at $87.09 on Tuesday. The firm has a market capitalization of $26.75 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75. Avantis Emerging Markets Equity ETF has a 1-year low of $73.79 and a 1-year high of $100.83. The business’s fifty day moving average price is $93.65 and its 200 day moving average price is $89.81.

Avantis Emerging Markets Equity ETF Company 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.