Parallel Advisors LLC Boosts Holdings in Avantis Emerging Markets Equity ETF $AVEM

Parallel Advisors LLC lifted its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1,654.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 760,155 shares of the company’s stock after purchasing an additional 716,830 shares during the period. Avantis Emerging Markets Equity ETF makes up 1.1% of Parallel Advisors LLC’s holdings, making the stock its 15th biggest holding. Parallel Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $61,253,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AVEM. IFP Advisors Inc boosted its position in Avantis Emerging Markets Equity ETF by 0.4% in the 4th quarter. IFP Advisors Inc now owns 28,429 shares of the company’s stock valued at $2,190,000 after buying an additional 120 shares during the period. Investmark Advisory Group LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 1.8% in the fourth quarter. Investmark Advisory Group LLC now owns 6,712 shares of the company’s stock worth $517,000 after acquiring an additional 121 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 0.3% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 43,758 shares of the company’s stock worth $3,370,000 after acquiring an additional 130 shares during the period. Hardin Capital Partners LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 1.0% during the fourth quarter. Hardin Capital Partners LLC now owns 13,713 shares of the company’s stock worth $1,056,000 after acquiring an additional 135 shares during the period. Finally, BLVD Private Wealth LLC raised its stake in shares of Avantis Emerging Markets Equity ETF by 0.6% in the fourth quarter. BLVD Private Wealth LLC now owns 22,285 shares of the company’s stock valued at $1,716,000 after acquiring an additional 140 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA:AVEM opened at $89.26 on Monday. The firm has a market cap of $24.86 billion, a PE ratio of 12.66 and a beta of 0.73. The stock has a fifty day moving average price of $94.61 and a 200 day moving average price of $87.87. Avantis Emerging Markets Equity ETF has a 12-month low of $68.27 and a 12-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.