Ritholtz Wealth Management Purchases 16,624 Shares of Avantis Emerging Markets Equity ETF $AVEM

Ritholtz Wealth Management boosted its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 504.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,917 shares of the company’s stock after acquiring an additional 16,624 shares during the period. Ritholtz Wealth Management’s holdings in Avantis Emerging Markets Equity ETF were worth $1,605,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE grew its position in shares of Avantis Emerging Markets Equity ETF by 4.9% during the 3rd quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock valued at $1,382,953,000 after purchasing an additional 867,710 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Avantis Emerging Markets Equity ETF by 4.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock worth $741,503,000 after buying an additional 418,018 shares in the last quarter. Align Financial LLC bought a new stake in Avantis Emerging Markets Equity ETF during the fourth quarter valued at $528,227,000. Wells Fargo & Company MN boosted its stake in Avantis Emerging Markets Equity ETF by 17.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock valued at $437,145,000 after buying an additional 837,069 shares during the period. Finally, Morgan Stanley grew its position in Avantis Emerging Markets Equity ETF by 12.6% during the fourth quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock worth $435,908,000 after buying an additional 631,367 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Down 1.3%

Shares of NYSEARCA AVEM opened at $94.40 on Friday. The firm has a market capitalization of $24.62 billion, a P/E ratio of 12.66 and a beta of 0.73. The stock’s 50-day simple moving average is $93.86 and its two-hundred day simple moving average is $86.06. Avantis Emerging Markets Equity ETF has a twelve month low of $68.00 and a twelve month high of $100.83.

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