Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 34.9% in the 4th quarter, HoldingsChannel reports. The firm owned 84,573 shares of the company’s stock after purchasing an additional 21,865 shares during the period. Bank of New York Mellon Corp’s holdings in Avantis Emerging Markets Equity ETF were worth $4,972,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in Avantis Emerging Markets Equity ETF by 223.6% in the 3rd quarter. FMR LLC now owns 2,016 shares of the company’s stock valued at $130,000 after buying an additional 1,393 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at about $144,000. Kestra Investment Management LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the 4th quarter valued at about $159,000. MBE Wealth Management LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the 4th quarter valued at about $204,000. Finally, Silver Oak Securities Incorporated grew its holdings in Avantis Emerging Markets Equity ETF by 21.9% in the 4th quarter. Silver Oak Securities Incorporated now owns 3,671 shares of the company’s stock valued at $216,000 after buying an additional 659 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

AVEM opened at $62.39 on Tuesday. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of 12.48 and a beta of 0.79. The business has a 50-day moving average of $59.88 and a two-hundred day moving average of $61.20. Avantis Emerging Markets Equity ETF has a 12 month low of $55.65 and a 12 month high of $66.31.

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.