Horst & Graben Wealth Management LLC Purchases New Shares in Avantis Emerging Markets Equity ETF $AVEM

Horst & Graben Wealth Management LLC acquired a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 64,896 shares of the company’s stock, valued at approximately $4,874,000.

Several other large investors also recently made changes to their positions in AVEM. Bank of America Corp DE increased its stake in shares of Avantis Emerging Markets Equity ETF by 1,271.2% in 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 in the last quarter. Envestnet Asset Management Inc. grew its holdings in Avantis Emerging Markets Equity ETF by 16.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 17,514,256 shares of the company’s stock worth $1,200,426,000 after acquiring an additional 2,483,487 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Avantis Emerging Markets Equity ETF by 307.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,795,928 shares of the company’s stock worth $123,093,000 after acquiring an additional 1,355,637 shares during the last quarter. Maseco LLP acquired a new stake in Avantis Emerging Markets Equity ETF in the 2nd quarter valued at about $74,121,000. Finally, Midwest Trust Co bought a new position in shares of Avantis Emerging Markets Equity ETF in the second quarter worth about $47,678,000.

Avantis Emerging Markets Equity ETF Trading Up 0.2%

Shares of AVEM stock opened at $76.87 on Friday. Avantis Emerging Markets Equity ETF has a 1 year low of $52.52 and a 1 year high of $78.76. The firm’s 50 day moving average is $76.73 and its 200-day moving average is $73.18. The firm has a market capitalization of $14.26 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68.

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.