Bank of America Corp DE Grows Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

Bank of America Corp DE increased its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 4.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,412,368 shares of the company’s stock after purchasing an additional 867,710 shares during the period. Bank of America Corp DE owned 9.93% of Avantis Emerging Markets Equity ETF worth $1,382,953,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. American Capital Advisory LLC purchased a new stake in Avantis Emerging Markets Equity ETF during the 3rd quarter worth about $30,000. Tripletail Wealth Management LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter valued at about $49,000. Spire Wealth Management increased its holdings in shares of Avantis Emerging Markets Equity ETF by 324.9% in the 3rd quarter. Spire Wealth Management now owns 752 shares of the company’s stock valued at $56,000 after acquiring an additional 575 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth about $57,000. Finally, Blue Trust Inc. raised its position in shares of Avantis Emerging Markets Equity ETF by 306.3% during the 3rd quarter. Blue Trust Inc. now owns 780 shares of the company’s stock worth $59,000 after acquiring an additional 588 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Down 0.3%

AVEM stock opened at $80.47 on Monday. The business has a 50 day moving average price of $83.74 and a 200 day moving average price of $78.61. The stock has a market cap of $17.78 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a fifty-two week low of $52.52 and a fifty-two week 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.