Financial Plan Inc. Acquires Shares of 473,111 Avantis Emerging Markets Equity ETF $AVEM

Financial Plan Inc. acquired a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 473,111 shares of the company’s stock, valued at approximately $36,439,000. Avantis Emerging Markets Equity ETF comprises 4.2% of Financial Plan Inc.’s portfolio, making the stock its 7th largest holding. Financial Plan Inc. owned approximately 0.22% of Avantis Emerging Markets Equity ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AVEM. Bank of America Corp DE raised its stake 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 valued at $1,202,511,000 after acquiring an additional 16,265,184 shares during the last quarter. Vantagepoint Investment Advisers LLC acquired a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter worth approximately $170,265,000. JPMorgan Chase & Co. increased its position in Avantis Emerging Markets Equity ETF by 350.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,404,304 shares of the company’s stock worth $105,477,000 after purchasing an additional 1,092,814 shares during the period. BOKF NA increased its position in Avantis Emerging Markets Equity ETF by 9,498.3% during the 3rd quarter. BOKF NA now owns 861,253 shares of the company’s stock worth $64,689,000 after purchasing an additional 852,280 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Avantis Emerging Markets Equity ETF by 47.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,263,134 shares of the company’s stock worth $169,989,000 after purchasing an additional 724,811 shares during the period.

Avantis Emerging Markets Equity ETF Trading Down 1.4%

NYSEARCA AVEM opened at $88.00 on Wednesday. The business’s 50 day moving average is $84.24 and its two-hundred day moving average is $80.39. Avantis Emerging Markets Equity ETF has a 12-month low of $58.69 and a 12-month high of $90.68. The stock has a market capitalization of $22.42 billion, a price-to-earnings ratio of 12.66 and a beta of 0.67.

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.