Concord Asset Management LLC VA Boosts Stock Position in Avantis Emerging Markets Equity ETF $AVEM

Concord Asset Management LLC VA raised its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 17.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 173,145 shares of the company’s stock after purchasing an additional 26,031 shares during the period. Avantis Emerging Markets Equity ETF accounts for approximately 1.8% of Concord Asset Management LLC VA’s investment portfolio, making the stock its 12th largest holding. Concord Asset Management LLC VA owned about 0.11% of Avantis Emerging Markets Equity ETF worth $11,867,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its stake in Avantis Emerging Markets Equity ETF by 0.8% in the first quarter. Envestnet Asset Management Inc. now owns 15,030,769 shares of the company’s stock valued at $904,401,000 after purchasing an additional 115,249 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Avantis Emerging Markets Equity ETF by 15.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,391,347 shares of the company’s stock worth $143,887,000 after acquiring an additional 319,437 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 4.6% during the first quarter. Cerity Partners LLC now owns 2,295,240 shares of the company’s stock worth $138,105,000 after acquiring an additional 100,298 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Avantis Emerging Markets Equity ETF by 8.6% during the first quarter. American Century Companies Inc. now owns 1,930,233 shares of the company’s stock worth $116,142,000 after acquiring an additional 152,942 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 10.0% during the first quarter. LPL Financial LLC now owns 1,471,607 shares of the company’s stock worth $88,547,000 after acquiring an additional 133,886 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM stock opened at $73.09 on Monday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $52.52 and a fifty-two week high of $76.72. The firm has a market capitalization of $13.24 billion, a price-to-earnings ratio of 12.66 and a beta of 0.80. The stock’s 50-day simple moving average is $72.98 and its 200-day simple moving average is $67.43.

About Avantis Emerging Markets Equity ETF

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.