Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Stake Increased by Savant Capital LLC

Savant Capital LLC boosted its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,270,330 shares of the company’s stock after acquiring an additional 1,185,965 shares during the quarter. Avantis Emerging Markets Equity ETF comprises approximately 8.9% of Savant Capital LLC’s portfolio, making the stock its biggest holding. Savant Capital LLC owned about 18.15% of Avantis Emerging Markets Equity ETF worth $691,924,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in Avantis Emerging Markets Equity ETF by 58.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 6,036,760 shares of the company’s stock valued at $318,681,000 after purchasing an additional 2,223,331 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Avantis Emerging Markets Equity ETF by 56.5% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 5,513,693 shares of the company’s stock valued at $291,068,000 after acquiring an additional 1,990,140 shares during the last quarter. Gradient Investments LLC purchased a new position in Avantis Emerging Markets Equity ETF during the 4th quarter valued at about $34,923,000. Amplius Wealth Advisors LLC purchased a new position in Avantis Emerging Markets Equity ETF during the 4th quarter valued at about $23,852,000. Finally, Congress Wealth Management LLC DE raised its position in Avantis Emerging Markets Equity ETF by 26.0% during the third quarter. Congress Wealth Management LLC DE now owns 1,424,791 shares of the company’s stock worth $75,215,000 after acquiring an additional 293,898 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 1.4 %

Shares of AVEM stock traded down $0.83 during trading hours on Tuesday, hitting $58.43. The company’s stock had a trading volume of 280,791 shares, compared to its average volume of 345,716. The business has a fifty day moving average of $57.75 and a 200-day moving average of $55.63. Avantis Emerging Markets Equity ETF has a twelve month low of $50.65 and a twelve month high of $59.40. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 9.46 and a beta of 0.80.

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.