Finemark National Bank & Trust Takes $1.21 Million Position in Avantis Emerging Markets Equity ETF $AVEM

Finemark National Bank & Trust acquired a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,158 shares of the company’s stock, valued at approximately $1,214,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Savant Capital LLC raised its stake in Avantis Emerging Markets Equity ETF by 3.2% in the third quarter. Savant Capital LLC now owns 18,469,078 shares of the company’s stock valued at $1,387,215,000 after buying an additional 564,371 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Avantis Emerging Markets Equity ETF by 1,271.2% during the second quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock worth $1,202,511,000 after acquiring an additional 16,265,184 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Avantis Emerging Markets Equity ETF by 28.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,062,191 shares of the company’s stock worth $209,883,000 after acquiring an additional 670,844 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 2.8% during the third quarter. Cerity Partners LLC now owns 2,687,213 shares of the company’s stock valued at $202,061,000 after acquiring an additional 72,106 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Avantis Emerging Markets Equity ETF by 25.9% in the 2nd quarter. American Century Companies Inc. now owns 2,430,093 shares of the company’s stock valued at $166,559,000 after purchasing an additional 499,860 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Down 0.2%

AVEM stock opened at $88.70 on Monday. The firm has a 50 day moving average of $82.61 and a 200 day moving average of $77.80. The stock has a market capitalization of $19.60 billion, a PE ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a 52 week low of $52.52 and a 52 week high of $89.75.

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.