Avantis Emerging Markets Equity ETF $AVEM Holdings Raised by Riverpoint Wealth Management Holdings LLC

Riverpoint Wealth Management Holdings LLC lifted its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 10.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 169,255 shares of the company’s stock after buying an additional 15,481 shares during the quarter. Avantis Emerging Markets Equity ETF makes up about 2.9% of Riverpoint Wealth Management Holdings LLC’s investment portfolio, making the stock its 12th largest position. Riverpoint Wealth Management Holdings LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $15,913,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank of America Corp DE grew its stake in Avantis Emerging Markets Equity ETF by 45.1% during 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 in the last quarter. Vantagepoint Investment Advisers LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the 3rd quarter worth $248,060,000. Kestra Investment Management LLC lifted its stake in Avantis Emerging Markets Equity ETF by 9.3% in the 3rd quarter. Kestra Investment Management LLC now owns 2,061,339 shares of the company’s stock worth $193,807,000 after purchasing an additional 175,853 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in 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 worth $187,732,000 after purchasing an additional 131,390 shares in the last quarter. Finally, Annex Advisory Services LLC bought a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter valued at about $157,364,000.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM traded down $0.38 during midday trading on Friday, hitting $85.51. 2,581,347 shares of the company traded hands, compared to its average volume of 1,960,264. The stock has a market cap of $26.86 billion, a price-to-earnings ratio of 10.99 and a beta of 0.79. The firm has a 50 day moving average of $91.24 and a 200-day moving average of $90.17. Avantis Emerging Markets Equity ETF has a 52 week low of $73.79 and a 52 week high of $100.83.

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.