Park Avenue Securities LLC Has $25.45 Million Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Park Avenue Securities LLC raised its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 20.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 422,886 shares of the company’s stock after acquiring an additional 72,845 shares during the quarter. Park Avenue Securities LLC owned approximately 0.33% of Avantis Emerging Markets Equity ETF worth $25,445,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC acquired a new stake in Avantis Emerging Markets Equity ETF in the fourth quarter valued at $26,000. Tucker Asset Management LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 4th quarter worth about $33,000. Webster Bank N. A. acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 1st quarter worth about $46,000. Signaturefd LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 4th quarter worth about $66,000. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF by 30.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,254 shares of the company’s stock worth $74,000 after buying an additional 291 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA AVEM opened at $66.57 on Friday. The firm has a 50-day moving average of $61.25 and a 200-day moving average of $60.62. The stock has a market cap of $10.15 billion, a PE ratio of 12.64 and a beta of 0.66. Avantis Emerging Markets Equity ETF has a 52-week low of $52.52 and a 52-week high of $66.59.

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.