Blue Edge Capital LLC Boosts Position in Avantis Emerging Markets Equity ETF $AVEM

Blue Edge Capital LLC increased its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 24.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 178,396 shares of the company’s stock after acquiring an additional 35,015 shares during the quarter. Avantis Emerging Markets Equity ETF makes up about 2.0% of Blue Edge Capital LLC’s portfolio, making the stock its 14th biggest holding. Blue Edge Capital LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $17,213,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Bank of America Corp DE raised 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 worth $2,310,765,000 after purchasing an additional 8,908,264 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of Avantis Emerging Markets Equity ETF by 4.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock valued at $741,503,000 after buying an additional 418,018 shares during the period. Align Financial LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the 4th quarter valued at approximately $528,227,000. Wells Fargo & Company MN increased its holdings in shares of Avantis Emerging Markets Equity ETF by 17.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock worth $437,145,000 after buying an additional 837,069 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of Avantis Emerging Markets Equity ETF by 12.6% during the 4th quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock worth $435,908,000 after buying an additional 631,367 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

AVEM stock opened at $96.04 on Thursday. Avantis Emerging Markets Equity ETF has a one year low of $72.94 and a one year high of $100.83. The firm has a market cap of $27.33 billion, a PE ratio of 12.66 and a beta of 0.75. The firm’s 50 day moving average price is $92.65 and its 200-day moving average price is $90.58.

About Avantis Emerging Markets Equity ETF

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.