Commonwealth Equity Services LLC Buys New Shares in Avantis Emerging Markets Equity ETF $AVEM

Commonwealth Equity Services LLC bought a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 893,662 shares of the company’s stock, valued at approximately $84,022,000.

Other large investors have also added to or reduced their stakes in the company. JFS Wealth Advisors LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 67.3% during the 2nd quarter. JFS Wealth Advisors LLC now owns 276 shares of the company’s stock valued at $27,000 after purchasing an additional 111 shares during the period. Winch Advisory Services LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF in the first quarter valued at about $26,000. Glenmede Trust Co. NA bought a new position in shares of Avantis Emerging Markets Equity ETF in the first quarter worth about $31,000. Investors Research Corp bought a new position in shares of Avantis Emerging Markets Equity ETF in the third quarter worth about $39,000. Finally, First Community Trust NA grew its position in shares of Avantis Emerging Markets Equity ETF by 136.9% during the second quarter. First Community Trust NA now owns 443 shares of the company’s stock worth $43,000 after purchasing an additional 256 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 1.7%

AVEM traded up $1.41 on Friday, hitting $83.28. 3,374,162 shares of the company’s stock traded hands, compared to its average volume of 1,950,924. The company’s 50 day simple moving average is $92.13 and its 200-day simple moving average is $90.09. The firm has a market cap of $26.00 billion, a price-to-earnings ratio of 12.66 and a beta of 0.79. Avantis Emerging Markets Equity ETF has a one year low of $73.79 and a one year high of $100.83.

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.