Armstrong Fleming & Moore Inc Makes New $15.14 Million Investment in Avantis Emerging Markets Equity ETF $AVEM

Armstrong Fleming & Moore Inc purchased a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 201,613 shares of the company’s stock, valued at approximately $15,143,000. Avantis Emerging Markets Equity ETF accounts for 7.2% of Armstrong Fleming & Moore Inc’s investment portfolio, making the stock its 5th largest position. Armstrong Fleming & Moore Inc owned approximately 0.11% of Avantis Emerging Markets Equity ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in AVEM. Bank of America Corp DE increased its position in Avantis Emerging Markets Equity ETF by 1,271.2% during the 2nd quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock worth $1,202,511,000 after purchasing an additional 16,265,184 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Avantis Emerging Markets Equity ETF by 16.5% during the second quarter. Envestnet Asset Management Inc. now owns 17,514,256 shares of the company’s stock worth $1,200,426,000 after buying an additional 2,483,487 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Avantis Emerging Markets Equity ETF by 307.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,795,928 shares of the company’s stock worth $123,093,000 after buying an additional 1,355,637 shares in the last quarter. Maseco LLP bought a new position in shares of Avantis Emerging Markets Equity ETF in the 2nd quarter valued at $74,121,000. Finally, Midwest Trust Co acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 2nd quarter valued at $47,678,000.

Avantis Emerging Markets Equity ETF Stock Up 0.3%

Shares of AVEM stock opened at $77.22 on Wednesday. Avantis Emerging Markets Equity ETF has a twelve month low of $52.52 and a twelve month high of $78.76. The stock’s fifty day simple moving average is $76.78 and its 200 day simple moving average is $73.46. The firm has a market capitalization of $14.32 billion, a P/E ratio of 12.66 and a beta of 0.68.

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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.