Envestnet Asset Management Inc. Buys 1,115,487 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Envestnet Asset Management Inc. raised its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 8.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 14,915,520 shares of the company’s stock after buying an additional 1,115,487 shares during the period. Envestnet Asset Management Inc. owned about 16.67% of Avantis Emerging Markets Equity ETF worth $876,883,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in AVEM. FMR LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 223.6% in the third quarter. FMR LLC now owns 2,016 shares of the company’s stock valued at $130,000 after acquiring an additional 1,393 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF by 39.8% in the 4th quarter. Natixis Advisors LLC now owns 26,338 shares of the company’s stock valued at $1,548,000 after purchasing an additional 7,492 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 4th quarter worth approximately $16,021,000. Truist Financial Corp grew its position in shares of Avantis Emerging Markets Equity ETF by 4.1% during the 4th quarter. Truist Financial Corp now owns 5,725 shares of the company’s stock worth $337,000 after buying an additional 224 shares during the period. Finally, US Bancorp DE raised its stake in shares of Avantis Emerging Markets Equity ETF by 65.8% during the fourth quarter. US Bancorp DE now owns 4,175 shares of the company’s stock worth $245,000 after buying an additional 1,657 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM stock opened at $56.10 on Friday. The firm’s 50 day moving average price is $60.48 and its two-hundred day moving average price is $61.23. Avantis Emerging Markets Equity ETF has a 52-week low of $55.59 and a 52-week high of $66.31. The stock has a market cap of $7.24 billion, a PE ratio of 12.56 and a beta of 0.67.

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.