Avantis Emerging Markets Equity ETF $AVEM Shares Newly Acquired by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC bought a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the third quarter, HoldingsChannel reports. The firm bought 241,490 shares of the company’s stock, valued at approximately $22,705,000. Avantis Emerging Markets Equity ETF makes up approximately 1.0% of Cyndeo Wealth Partners LLC’s investment portfolio, making the stock its 17th biggest position.

A number of other hedge funds have also modified their holdings of the stock. Bank of America Corp DE raised its stake 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 acquiring an additional 8,908,264 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Avantis Emerging Markets Equity ETF by 6.0% in 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 acquiring an additional 131,390 shares during the last quarter. Annex Advisory Services LLC bought a new position in Avantis Emerging Markets Equity ETF in the third quarter valued at approximately $157,364,000. Cetera Investment Advisers boosted its holdings in 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 buying an additional 219,618 shares during the last quarter. Finally, Apella Capital LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 15.2% in the 3rd quarter. Apella Capital LLC now owns 1,149,116 shares of the company’s stock valued at $109,109,000 after acquiring an additional 151,968 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

Avantis Emerging Markets Equity ETF stock opened at $88.89 on Friday. The company’s 50 day simple moving average is $94.14 and its 200 day simple moving average is $92.53. Avantis Emerging Markets Equity ETF has a fifty-two week low of $73.79 and a fifty-two week high of $100.83. The firm has a market capitalization of $26.87 billion, a price-to-earnings 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.