Avantis Emerging Markets Equity ETF $AVEM Stock Position Increased by Park Avenue Securities LLC

Park Avenue Securities LLC grew its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 16.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 517,290 shares of the company’s stock after purchasing an additional 73,096 shares during the period. Park Avenue Securities LLC owned approximately 0.28% of Avantis Emerging Markets Equity ETF worth $38,854,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Hantz Financial Services Inc. grew its holdings in Avantis Emerging Markets Equity ETF by 2,366.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock worth $25,000 after buying an additional 355 shares in the last quarter. AdvisorNet Financial Inc boosted its position in Avantis Emerging Markets Equity ETF by 213.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 492 shares of the company’s stock worth $34,000 after acquiring an additional 335 shares during the period. Tripletail Wealth Management LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the third quarter worth $49,000. Mather Group LLC. bought a new position in shares of Avantis Emerging Markets Equity ETF in the third quarter worth $57,000. Finally, Blue Trust Inc. increased its holdings in shares of Avantis Emerging Markets Equity ETF by 306.3% during the third quarter. Blue Trust Inc. now owns 780 shares of the company’s stock valued at $59,000 after purchasing an additional 588 shares during the period.

Avantis Emerging Markets Equity ETF Stock Up 0.9%

Shares of NYSEARCA AVEM opened at $80.17 on Wednesday. The stock has a market cap of $16.60 billion, a P/E ratio of 12.66 and a beta of 0.68. The firm’s 50-day simple moving average is $76.91 and its 200 day simple moving average is $73.86. Avantis Emerging Markets Equity ETF has a fifty-two week low of $52.52 and a fifty-two week high of $80.38.

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.