Lam Group Inc. Boosts Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

Lam Group Inc. boosted its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 57.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,010 shares of the company’s stock after acquiring an additional 8,035 shares during the period. Avantis Emerging Markets Equity ETF accounts for 1.0% of Lam Group Inc.’s portfolio, making the stock its 28th largest holding. Lam Group Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $1,695,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of AVEM. AQR Capital Management LLC grew its stake in Avantis Emerging Markets Equity ETF by 13.2% during the first quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock valued at $1,336,000 after acquiring an additional 2,596 shares in the last quarter. M&T Bank Corp purchased a new position in shares of Avantis Emerging Markets Equity ETF in the 2nd quarter worth $287,000. Diversify Advisory Services LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF in the 2nd quarter worth $478,000. Diversify Wealth Management LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 20.3% in the 2nd quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock worth $946,000 after buying an additional 2,244 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in shares of Avantis Emerging Markets Equity ETF by 74.1% in the 2nd quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock worth $1,010,000 after buying an additional 6,271 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 1.6%

Shares of NYSEARCA:AVEM opened at $88.14 on Wednesday. Avantis Emerging Markets Equity ETF has a 52 week low of $57.29 and a 52 week high of $89.75. The stock has a market capitalization of $22.44 billion, a P/E ratio of 12.66 and a beta of 0.67. The firm has a fifty day simple moving average of $83.81 and a two-hundred day simple moving average of $79.93.

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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.