Webster Bank N. A. Increases Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

Webster Bank N. A. boosted its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 2,213.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,678 shares of the company’s stock after purchasing an additional 16,914 shares during the quarter. Webster Bank N. A.’s holdings in Avantis Emerging Markets Equity ETF were worth $1,424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 13.2% in the first quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock worth $1,336,000 after acquiring an additional 2,596 shares during the last quarter. M&T Bank Corp purchased a new position in Avantis Emerging Markets Equity ETF during the second quarter worth approximately $287,000. Diversify Advisory Services LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF in the 2nd quarter valued at $478,000. Diversify Wealth Management LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 20.3% during the 2nd quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock valued at $946,000 after buying an additional 2,244 shares during the period. Finally, Quantinno Capital Management LP grew its stake in shares of Avantis Emerging Markets Equity ETF by 74.1% during the 2nd quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock valued at $1,010,000 after buying an additional 6,271 shares during the period.

Avantis Emerging Markets Equity ETF Trading Up 0.5%

Shares of AVEM opened at $100.18 on Tuesday. The firm has a market capitalization of $26.13 billion, a P/E ratio of 12.66 and a beta of 0.73. The stock’s fifty day simple moving average is $93.24 and its 200 day simple moving average is $85.62. Avantis Emerging Markets Equity ETF has a twelve month low of $66.19 and a twelve month high of $100.83.

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.