Parallel Advisors LLC Grows Holdings in Avantis Emerging Markets Equity ETF $AVEM

Parallel Advisors LLC grew its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1,654.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 760,155 shares of the company’s stock after acquiring an additional 716,830 shares during the period. Avantis Emerging Markets Equity ETF comprises 1.1% of Parallel Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. Parallel Advisors LLC owned approximately 0.29% of Avantis Emerging Markets Equity ETF worth $61,253,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in AVEM. IFP Advisors Inc increased its holdings in Avantis Emerging Markets Equity ETF by 0.4% in the 4th quarter. IFP Advisors Inc now owns 28,429 shares of the company’s stock valued at $2,190,000 after purchasing an additional 120 shares during the last quarter. Investmark Advisory Group LLC lifted its stake in Avantis Emerging Markets Equity ETF by 1.8% during the fourth quarter. Investmark Advisory Group LLC now owns 6,712 shares of the company’s stock worth $517,000 after purchasing an additional 121 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its stake in Avantis Emerging Markets Equity ETF by 0.3% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 43,758 shares of the company’s stock worth $3,370,000 after purchasing an additional 130 shares in the last quarter. Hardin Capital Partners LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 1.0% during the fourth quarter. Hardin Capital Partners LLC now owns 13,713 shares of the company’s stock worth $1,056,000 after buying an additional 135 shares during the period. Finally, BLVD Private Wealth LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 0.6% during the fourth quarter. BLVD Private Wealth LLC now owns 22,285 shares of the company’s stock worth $1,716,000 after buying an additional 140 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA AVEM opened at $89.26 on Monday. Avantis Emerging Markets Equity ETF has a twelve month low of $68.27 and a twelve month high of $100.83. The stock has a fifty day simple moving average of $94.61 and a 200-day simple moving average of $87.87. The stock has a market capitalization of $24.86 billion, a PE ratio of 12.66 and a beta of 0.73.

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.