Avantis Emerging Markets Equity ETF $AVEM Shares Bought by Breakwater Capital Group

Breakwater Capital Group increased its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 11.7% during the third quarter, HoldingsChannel reports. The fund owned 69,083 shares of the company’s stock after buying an additional 7,218 shares during the period. Breakwater Capital Group’s holdings in Avantis Emerging Markets Equity ETF were worth $6,495,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AVEM. Bank of America Corp DE boosted its stake in Avantis Emerging Markets Equity ETF by 45.1% in 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. Align Financial LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the 4th quarter valued at about $528,227,000. PNC Financial Services Group Inc. raised its stake 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 valued at $187,732,000 after purchasing an additional 131,390 shares during the period. MML Investors Services LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 9.5% in the fourth quarter. MML Investors Services LLC now owns 1,972,171 shares of the company’s stock valued at $151,897,000 after purchasing an additional 171,532 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 13.3% in the first 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.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA:AVEM opened at $93.24 on Friday. The stock has a 50-day simple moving average of $94.10 and a 200 day simple moving average of $92.13. Avantis Emerging Markets Equity ETF has a 52-week low of $72.94 and a 52-week high of $100.83. The company has a market cap of $28.16 billion, a PE ratio of 12.66 and a beta of 0.75.

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.