Fifth Third Securities Inc. Raises Position in Avantis Emerging Markets Equity ETF $AVEM

Fifth Third Securities Inc. increased its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 6.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 19,724 shares of the company’s stock after purchasing an additional 1,148 shares during the quarter. Fifth Third Securities Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $1,352,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Maseco LLP purchased a new position in Avantis Emerging Markets Equity ETF during the second quarter worth $74,121,000. HB Wealth Management LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 5,090.0% in the 1st quarter. HB Wealth Management LLC now owns 1,088,701 shares of the company’s stock worth $65,507,000 after acquiring an additional 1,067,724 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Avantis Emerging Markets Equity ETF by 61.4% during the 1st quarter. Jones Financial Companies Lllp now owns 1,421,426 shares of the company’s stock worth $85,854,000 after purchasing an additional 540,962 shares during the period. Financial Counselors Inc. grew its holdings in Avantis Emerging Markets Equity ETF by 368.1% during the 1st quarter. Financial Counselors Inc. now owns 654,500 shares of the company’s stock valued at $39,381,000 after purchasing an additional 514,673 shares during the last quarter. Finally, Cresset Asset Management LLC grew its holdings in Avantis Emerging Markets Equity ETF by 123.3% during the 1st quarter. Cresset Asset Management LLC now owns 767,723 shares of the company’s stock valued at $46,194,000 after purchasing an additional 423,990 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM stock opened at $74.77 on Tuesday. The stock has a 50 day moving average price of $71.97 and a 200 day moving average price of $66.57. Avantis Emerging Markets Equity ETF has a 52-week low of $52.52 and a 52-week high of $75.91. The firm has a market capitalization of $12.25 billion, a P/E ratio of 12.66 and a beta of 0.80.

Avantis Emerging Markets Equity ETF 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.