Armstrong Fleming & Moore Inc Increases Stake in Avantis Emerging Markets Equity ETF $AVEM

Armstrong Fleming & Moore Inc lifted its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 16.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,841 shares of the company’s stock after purchasing an additional 32,228 shares during the period. Avantis Emerging Markets Equity ETF accounts for about 8.3% of Armstrong Fleming & Moore Inc’s portfolio, making the stock its 5th biggest position. Armstrong Fleming & Moore Inc owned 0.11% of Avantis Emerging Markets Equity ETF worth $18,010,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of Avantis Emerging Markets Equity ETF by 1,271.2% during 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 stake in shares of Avantis Emerging Markets Equity ETF during the third quarter valued at approximately $170,265,000. JPMorgan Chase & Co. increased its position in shares of 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 valued at $105,477,000 after purchasing an additional 1,092,814 shares during the last quarter. BOKF NA raised 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 worth $64,689,000 after acquiring an additional 852,280 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of Avantis Emerging Markets Equity ETF by 47.1% in 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 Stock Performance

Shares of Avantis Emerging Markets Equity ETF stock opened at $80.67 on Friday. The stock has a market capitalization of $17.83 billion, a P/E ratio of 12.66 and a beta of 0.68. The stock’s 50-day simple moving average is $83.72 and its 200 day simple moving average is $79.33. Avantis Emerging Markets Equity ETF has a 52-week low of $52.52 and a 52-week high of $89.75.

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.