PNC Financial Services Group Inc. Boosts Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

PNC Financial Services Group Inc. grew its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,198,370 shares of the company’s stock after acquiring an additional 207,339 shares during the quarter. PNC Financial Services Group Inc. owned about 0.99% of Avantis Emerging Markets Equity ETF worth $169,318,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Team Financial Group LLC raised its stake in Avantis Emerging Markets Equity ETF by 184.2% in the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after purchasing an additional 361 shares during the last quarter. MeadowBrook Investment Advisors LLC acquired a new stake in Avantis Emerging Markets Equity ETF during the 4th quarter worth $65,000. LGT Financial Advisors LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the third quarter worth $78,000. Spire Wealth Management raised its position in shares of Avantis Emerging Markets Equity ETF by 43.4% in the fourth quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock valued at $83,000 after buying an additional 326 shares during the last quarter. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter valued at about $91,000.

Avantis Emerging Markets Equity ETF Trading Up 1.9%

AVEM opened at $92.23 on Thursday. The firm has a market capitalization of $24.05 billion, a PE ratio of 12.66 and a beta of 0.72. Avantis Emerging Markets Equity ETF has a twelve month low of $63.91 and a twelve month high of $96.07. The firm’s 50-day moving average price is $86.43 and its 200 day moving average price is $82.47.

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.