Envestnet Portfolio Solutions Inc. Acquires 9,573 Shares of Avantis Emerging Markets Equity ETF $AVEM

Envestnet Portfolio Solutions Inc. raised its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 43.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,736 shares of the company’s stock after purchasing an additional 9,573 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $2,384,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position 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 valued at $1,202,511,000 after purchasing an additional 16,265,184 shares during the period. Envestnet Asset Management Inc. grew its stake in Avantis Emerging Markets Equity ETF by 16.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 17,514,256 shares of the company’s stock valued at $1,200,426,000 after buying an additional 2,483,487 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Avantis Emerging Markets Equity ETF by 307.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,795,928 shares of the company’s stock valued at $123,093,000 after acquiring an additional 1,355,637 shares during the period. Midwest Trust Co bought a new position in Avantis Emerging Markets Equity ETF in the 2nd quarter valued at about $47,678,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Avantis Emerging Markets Equity ETF by 28.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,062,191 shares of the company’s stock worth $209,883,000 after acquiring an additional 670,844 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 0.3%

Shares of NYSEARCA:AVEM opened at $83.10 on Tuesday. Avantis Emerging Markets Equity ETF has a 12-month low of $52.52 and a 12-month high of $83.44. The business has a 50 day moving average of $77.94 and a 200-day moving average of $75.11. The stock has a market cap of $18.19 billion, a PE ratio of 12.66 and a beta of 0.68.

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