MML Investors Services LLC Buys 171,532 Shares of Avantis Emerging Markets Equity ETF $AVEM

MML Investors Services LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,972,171 shares of the company’s stock after acquiring an additional 171,532 shares during the quarter. MML Investors Services LLC owned approximately 0.89% of Avantis Emerging Markets Equity ETF worth $151,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in AVEM. Bank of America Corp DE raised its position in shares of Avantis Emerging Markets Equity ETF by 1,271.2% during the second quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock worth $1,202,511,000 after acquiring an additional 16,265,184 shares during the last quarter. Kestra Investment Management LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 3,618.9% during the fourth quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock worth $113,646,000 after acquiring an additional 1,435,866 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Avantis Emerging Markets Equity ETF by 350.8% during the third quarter. JPMorgan Chase & Co. now owns 1,404,304 shares of the company’s stock worth $105,477,000 after acquiring an additional 1,092,814 shares during the last quarter. LPL Financial LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 39.6% during the fourth quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock worth $288,100,000 after acquiring an additional 1,061,034 shares during the last quarter. Finally, BOKF NA raised its position in shares of Avantis Emerging Markets Equity ETF by 9,498.3% during the third quarter. BOKF NA now owns 861,253 shares of the company’s stock worth $64,689,000 after acquiring an additional 852,280 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM opened at $95.72 on Monday. Avantis Emerging Markets Equity ETF has a 1 year low of $66.19 and a 1 year high of $99.67. The company has a market capitalization of $24.96 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. The business has a 50-day moving average of $91.32 and a 200-day moving average of $84.68.

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.