Assetmark Inc. Has $6.31 Million Position in Avantis Emerging Markets Equity ETF $AVEM

Assetmark Inc. decreased its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 45.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,309 shares of the company’s stock after selling 64,214 shares during the period. Assetmark Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $6,310,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of 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 buying an additional 16,265,184 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Avantis Emerging Markets Equity ETF by 4.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock worth $741,503,000 after purchasing an additional 418,018 shares in the last quarter. Align Financial LLC bought a new stake in Avantis Emerging Markets Equity ETF in the 4th quarter valued at $528,227,000. Wells Fargo & Company MN raised its position in Avantis Emerging Markets Equity ETF by 17.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock worth $437,145,000 after purchasing an additional 837,069 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Avantis Emerging Markets Equity ETF by 12.6% in the 4th quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock worth $435,908,000 after buying an additional 631,367 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA AVEM opened at $91.70 on Wednesday. The stock has a market cap of $25.54 billion, a PE ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 52-week low of $68.27 and a 52-week high of $100.83. The business has a fifty day moving average of $94.45 and a two-hundred day moving average of $88.06.

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.