6,858,314 Shares in Avantis Emerging Markets Equity ETF $AVEM Purchased by Align Financial LLC

Align Financial LLC acquired a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,858,314 shares of the company’s stock, valued at approximately $528,227,000. Avantis Emerging Markets Equity ETF accounts for approximately 2.4% of Align Financial LLC’s investment portfolio, making the stock its 11th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVEM. AQR Capital Management LLC increased its position in Avantis Emerging Markets Equity ETF by 13.2% in the first quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock worth $1,336,000 after purchasing an additional 2,596 shares during the period. M&T Bank Corp acquired a new stake in Avantis Emerging Markets Equity ETF in the second quarter worth about $287,000. Diversify Advisory Services LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF during the 2nd quarter worth about $478,000. Diversify Wealth Management LLC grew its position in shares of Avantis Emerging Markets Equity ETF by 20.3% during the 2nd quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock worth $946,000 after buying an additional 2,244 shares during the period. Finally, Quantinno Capital Management LP grew its position in shares of Avantis Emerging Markets Equity ETF by 74.1% during the 2nd quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock worth $1,010,000 after buying an additional 6,271 shares during the period.

Avantis Emerging Markets Equity ETF Trading Down 0.3%

Avantis Emerging Markets Equity ETF stock opened at $96.65 on Thursday. The firm has a market capitalization of $25.21 billion, a P/E ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 1 year low of $66.19 and a 1 year high of $99.67. The business has a 50-day moving average of $92.31 and a 200-day moving average of $85.13.

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.