LexAurum Advisors LLC lifted its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 9.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 68,139 shares of the company’s stock after purchasing an additional 6,079 shares during the quarter. LexAurum Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $4,100,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of AVEM. Mercer Global Advisors Inc. ADV acquired a new stake in Avantis Emerging Markets Equity ETF in the fourth quarter worth $471,967,000. Savant Capital LLC grew its holdings in Avantis Emerging Markets Equity ETF by 7.6% in the fourth quarter. Savant Capital LLC now owns 16,567,391 shares of the company’s stock worth $973,997,000 after purchasing an additional 1,172,561 shares during the period. Envestnet Asset Management Inc. grew its holdings in Avantis Emerging Markets Equity ETF by 8.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 14,915,520 shares of the company’s stock worth $876,883,000 after purchasing an additional 1,115,487 shares during the period. Wells Fargo & Company MN grew its holdings in Avantis Emerging Markets Equity ETF by 40.0% in the fourth quarter. Wells Fargo & Company MN now owns 2,061,263 shares of the company’s stock worth $121,182,000 after purchasing an additional 589,303 shares during the period. Finally, Bank of Montreal Can grew its holdings in Avantis Emerging Markets Equity ETF by 103.7% in the fourth quarter. Bank of Montreal Can now owns 1,065,598 shares of the company’s stock worth $62,647,000 after purchasing an additional 542,486 shares during the period.
Avantis Emerging Markets Equity ETF Trading Up 0.6%
NYSEARCA:AVEM opened at $66.57 on Friday. The stock has a market capitalization of $10.15 billion, a price-to-earnings ratio of 12.64 and a beta of 0.66. The firm has a fifty day simple moving average of $61.25 and a two-hundred day simple moving average of $60.62. Avantis Emerging Markets Equity ETF has a 12 month low of $52.52 and a 12 month high of $66.59.
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.
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