Invariant Investment Management Acquires Shares of 118,209 Avantis Emerging Markets Equity ETF $AVEM

Invariant Investment Management acquired a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 118,209 shares of the company’s stock, valued at approximately $9,454,000. Avantis Emerging Markets Equity ETF accounts for approximately 6.1% of Invariant Investment Management’s holdings, making the stock its 5th biggest holding. Invariant Investment Management owned about 0.05% of Avantis Emerging Markets Equity ETF as of its most recent filing with the Securities and Exchange Commission.

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

Avantis Emerging Markets Equity ETF Stock Up 1.6%

NYSEARCA:AVEM opened at $88.14 on Wednesday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $57.29 and a fifty-two week high of $89.75. The stock has a market cap of $22.44 billion, a PE ratio of 12.66 and a beta of 0.67. The firm’s fifty day simple moving average is $83.81 and its 200-day simple moving average is $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.