Mercer Global Advisors Inc. ADV Purchases 304,731 Shares of Avantis Emerging Markets Equity ETF $AVEM

Mercer Global Advisors Inc. ADV lifted its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 3.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,209,393 shares of the company’s stock after purchasing an additional 304,731 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for approximately 1.2% of Mercer Global Advisors Inc. ADV’s investment portfolio, making the stock its 22nd largest position. Mercer Global Advisors Inc. ADV owned 4.96% of Avantis Emerging Markets Equity ETF worth $691,717,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. AQR Capital Management LLC lifted its position in Avantis Emerging Markets Equity ETF by 13.2% during the first quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock valued at $1,336,000 after purchasing an additional 2,596 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Avantis Emerging Markets Equity ETF by 50.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 152,873 shares of the company’s stock worth $10,478,000 after buying an additional 51,599 shares during the last quarter. AE Wealth Management LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 62.2% in the 2nd quarter. AE Wealth Management LLC now owns 4,645 shares of the company’s stock worth $318,000 after buying an additional 1,781 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Avantis Emerging Markets Equity ETF by 62.4% during the 2nd quarter. Cetera Investment Advisers now owns 548,182 shares of the company’s stock valued at $37,572,000 after buying an additional 210,622 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its position in shares of Avantis Emerging Markets Equity ETF by 12.0% during the 2nd quarter. Avantax Advisory Services Inc. now owns 128,732 shares of the company’s stock valued at $8,823,000 after buying an additional 13,822 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 2.6%

Shares of NYSEARCA:AVEM opened at $82.57 on Tuesday. The company has a market cap of $18.25 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a 12 month low of $52.52 and a 12 month high of $89.75. The company has a 50-day moving average price of $83.80 and a 200 day moving average price of $78.69.

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.