Raymond James & Associates Buys 2,156 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Raymond James & Associates grew its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 5.7% during the 4th quarter, HoldingsChannel reports. The fund owned 39,895 shares of the company’s stock after purchasing an additional 2,156 shares during the quarter. Raymond James & Associates’ holdings in Avantis Emerging Markets Equity ETF were worth $2,250,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Savant Capital LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 8.7% in the third quarter. Savant Capital LLC now owns 11,084,365 shares of the company’s stock worth $585,144,000 after acquiring an additional 891,522 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Avantis Emerging Markets Equity ETF by 58.3% in the third quarter. Envestnet Asset Management Inc. now owns 6,036,760 shares of the company’s stock worth $318,681,000 after purchasing an additional 2,223,331 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Avantis Emerging Markets Equity ETF by 56.5% in the third quarter. Mercer Global Advisors Inc. ADV now owns 5,513,693 shares of the company’s stock worth $291,068,000 after purchasing an additional 1,990,140 shares during the last quarter. Morgan Stanley raised its stake in shares of Avantis Emerging Markets Equity ETF by 9.3% in the third quarter. Morgan Stanley now owns 2,479,104 shares of the company’s stock worth $130,872,000 after purchasing an additional 211,881 shares during the last quarter. Finally, Annex Advisory Services LLC raised its stake in shares of Avantis Emerging Markets Equity ETF by 18.6% in the third quarter. Annex Advisory Services LLC now owns 1,825,048 shares of the company’s stock worth $96,344,000 after purchasing an additional 286,506 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

AVEM stock opened at $56.43 on Wednesday. Avantis Emerging Markets Equity ETF has a 1-year low of $50.65 and a 1-year high of $59.40. The business has a fifty day moving average price of $57.50 and a 200-day moving average price of $55.31. The stock has a market capitalization of $4.98 billion, a P/E ratio of 9.46 and a beta of 0.80.

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.