Chicago Partners Investment Group LLC Reduces Holdings in Avantis Emerging Markets Equity ETF $AVEM

Chicago Partners Investment Group LLC lowered its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 13.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,944 shares of the company’s stock after selling 9,595 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $4,754,000 at the end of the most recent quarter.

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

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM opened at $81.70 on Thursday. Avantis Emerging Markets Equity ETF has a 12 month low of $52.52 and a 12 month high of $82.06. The stock has a fifty day moving average price of $77.61 and a 200 day moving average price of $74.77. The company has a market cap of $17.45 billion, a P/E ratio of 12.66 and a beta of 0.68.

Avantis Emerging Markets Equity ETF 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.