Brown Advisory Inc. Purchases New Stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Brown Advisory Inc. purchased a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,082 shares of the company’s stock, valued at approximately $426,000.

A number of other large investors have also added to or reduced their stakes in the business. Natixis Advisors LLC boosted its stake in Avantis Emerging Markets Equity ETF by 39.8% in the fourth quarter. Natixis Advisors LLC now owns 26,338 shares of the company’s stock valued at $1,548,000 after buying an additional 7,492 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Avantis Emerging Markets Equity ETF in the fourth quarter valued at about $16,021,000. Janney Montgomery Scott LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the first quarter valued at about $1,410,000. Signaturefd LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the fourth quarter valued at about $66,000. Finally, Transamerica Financial Advisors Inc. boosted its stake in shares of Avantis Emerging Markets Equity ETF by 2.3% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 50,024 shares of the company’s stock valued at $2,941,000 after purchasing an additional 1,103 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 0.7%

Shares of AVEM stock opened at $69.55 on Wednesday. The business’s 50-day moving average price is $66.46 and its 200-day moving average price is $61.99. Avantis Emerging Markets Equity ETF has a 12 month low of $52.52 and a 12 month high of $69.77. The firm has a market capitalization of $11.06 billion, a price-to-earnings ratio of 12.66 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.