Park Avenue Securities LLC Buys New Shares in Avantis Emerging Markets Equity ETF $AVEM

Park Avenue Securities LLC bought a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 619,859 shares of the company’s stock, valued at approximately $58,279,000.

Several other institutional investors also recently bought and sold shares of the business. Bank of America Corp DE lifted its stake 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 period. Vantagepoint Investment Advisers LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the third quarter worth $248,060,000. PNC Financial Services Group Inc. boosted 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 worth $187,732,000 after purchasing an additional 131,390 shares during the last quarter. Cetera Investment Advisers boosted 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 worth $150,540,000 after purchasing an additional 219,618 shares during the last quarter. Finally, Annex Advisory Services LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter valued at $157,364,000.

Avantis Emerging Markets Equity ETF Stock Down 0.5%

Shares of NYSEARCA:AVEM opened at $87.09 on Tuesday. The company has a market cap of $26.75 billion, a P/E ratio of 12.66 and a beta of 0.75. Avantis Emerging Markets Equity ETF has a 52 week low of $73.79 and a 52 week high of $100.83. The business has a fifty day simple moving average of $93.65 and a 200-day simple moving average of $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.