Pacific Excel Wealth Advisors Inc. grew its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 1,268.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 101,232 shares of the company’s stock after buying an additional 93,835 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for 3.8% of Pacific Excel Wealth Advisors Inc.’s investment portfolio, making the stock its 3rd largest position. Pacific Excel Wealth Advisors Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $9,768,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Bank of America Corp DE lifted its stake in Avantis Emerging Markets Equity ETF by 1,271.2% in the 2nd quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock valued at $1,202,511,000 after buying an additional 16,265,184 shares in the last quarter. Align Financial LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF during the fourth quarter valued at approximately $528,227,000. Kestra Investment Management LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 3,618.9% during the fourth quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock valued at $113,646,000 after acquiring an additional 1,435,866 shares during the last quarter. Maseco LLP purchased a new position in shares of Avantis Emerging Markets Equity ETF in the first quarter valued at approximately $93,504,000. Finally, LPL Financial LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF by 39.6% in the fourth quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock worth $288,100,000 after acquiring an additional 1,061,034 shares during the last quarter.
Avantis Emerging Markets Equity ETF Stock Performance
Shares of AVEM opened at $92.60 on Wednesday. The stock has a 50 day moving average price of $93.75 and a 200 day moving average price of $88.76. Avantis Emerging Markets Equity ETF has a one year low of $69.37 and a one year high of $100.83. The stock has a market capitalization of $26.35 billion, a price-to-earnings ratio of 12.66 and a beta of 0.74.
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.
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