Avantis Emerging Markets Equity ETF $AVEM Shares Purchased by Maia Wealth LLC
by Michael Walen · The Markets DailyMaia Wealth LLC boosted its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 54.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,418 shares of the company’s stock after acquiring an additional 14,982 shares during the quarter. Maia Wealth LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $3,267,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in AVEM. Bank of America Corp DE raised its holdings in Avantis Emerging Markets Equity ETF by 1,271.2% in the second quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock valued at $1,202,511,000 after acquiring an additional 16,265,184 shares in the last quarter. Align Financial LLC acquired a new stake in Avantis Emerging Markets Equity ETF in the fourth quarter valued at approximately $528,227,000. Kestra Investment Management LLC raised its holdings in Avantis Emerging Markets Equity ETF by 3,618.9% in the fourth quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock valued at $113,646,000 after acquiring an additional 1,435,866 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Avantis Emerging Markets Equity ETF by 350.8% in the third quarter. JPMorgan Chase & Co. now owns 1,404,304 shares of the company’s stock valued at $105,477,000 after acquiring an additional 1,092,814 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in Avantis Emerging Markets Equity ETF by 39.6% in the fourth quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock valued at $288,100,000 after acquiring an additional 1,061,034 shares in the last quarter.
Avantis Emerging Markets Equity ETF Stock Down 0.3%
Shares of NYSEARCA:AVEM opened at $96.65 on Thursday. The firm’s 50 day moving average price is $92.31 and its 200 day moving average price is $85.13. The stock has a market cap of $25.21 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a fifty-two week low of $66.19 and a fifty-two week high of $99.67.
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.
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