Approach Retirement Advisors LLC Takes $1.01 Million Position in Avantis Emerging Markets Equity ETF $AVEM

Approach Retirement Advisors LLC acquired a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,152 shares of the company’s stock, valued at approximately $1,013,000. Avantis Emerging Markets Equity ETF makes up about 0.9% of Approach Retirement Advisors LLC’s portfolio, making the stock its 27th largest holding.

Several other hedge funds have also modified their holdings of the stock. Bank of America Corp DE increased its holdings in 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 buying an additional 16,265,184 shares during the last quarter. Vantagepoint Investment Advisers LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF during the third quarter worth about $170,265,000. JPMorgan Chase & Co. grew its holdings in shares of Avantis Emerging Markets Equity ETF by 350.8% during the third quarter. JPMorgan Chase & Co. now owns 1,404,304 shares of the company’s stock worth $105,477,000 after buying an additional 1,092,814 shares during the last quarter. BOKF NA lifted its position in Avantis Emerging Markets Equity ETF by 9,498.3% in the third quarter. BOKF NA now owns 861,253 shares of the company’s stock valued at $64,689,000 after purchasing an additional 852,280 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Avantis Emerging Markets Equity ETF by 47.1% in the third quarter. Ameriprise Financial Inc. now owns 2,263,134 shares of the company’s stock valued at $169,989,000 after purchasing an additional 724,811 shares during the period.

Avantis Emerging Markets Equity ETF Stock Up 1.8%

Shares of NYSEARCA:AVEM opened at $89.79 on Friday. The company has a 50-day moving average price of $84.41 and a 200 day moving average price of $80.60. Avantis Emerging Markets Equity ETF has a 52 week low of $59.71 and a 52 week high of $90.68. The company has a market cap of $23.17 billion, a P/E 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.