Bank of Montreal Can Raises Stake in Avantis Emerging Markets Equity ETF $AVEM

Bank of Montreal Can increased its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 9.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,567,393 shares of the company’s stock after buying an additional 132,555 shares during the quarter. Bank of Montreal Can owned about 0.84% of Avantis Emerging Markets Equity ETF worth $117,727,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 1,271.2% in 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 third quarter valued at $170,265,000. PNC Financial Services Group Inc. lifted its position in Avantis Emerging Markets Equity ETF by 307.9% during 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 purchasing an additional 1,355,637 shares during the period. JPMorgan Chase & Co. boosted its holdings in Avantis Emerging Markets Equity ETF by 350.8% in the third quarter. JPMorgan Chase & Co. now owns 1,404,304 shares of the company’s stock valued at $105,477,000 after purchasing an additional 1,092,814 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Avantis Emerging Markets Equity ETF by 28.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,062,191 shares of the company’s stock valued at $209,883,000 after purchasing an additional 670,844 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 0.2%

Shares of AVEM stock opened at $83.17 on Thursday. The stock has a 50 day moving average of $83.64 and a 200 day moving average of $78.43. The stock has a market cap of $18.38 billion, a P/E ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a twelve month low of $52.52 and a twelve month high of $89.75.

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.