Avantis Emerging Markets Equity ETF $AVEM Stake Raised by Telos Capital Management Inc.

Telos Capital Management Inc. boosted its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 8.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,940 shares of the company’s stock after acquiring an additional 6,605 shares during the quarter. Telos Capital Management Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $6,522,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of AVEM. Bank of America Corp DE lifted its stake in Avantis Emerging Markets Equity ETF by 4.9% during the third quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock valued at $1,382,953,000 after purchasing an additional 867,710 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Avantis Emerging Markets Equity ETF by 4.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock worth $741,503,000 after buying an additional 418,018 shares in the last quarter. Align Financial LLC acquired a new position in Avantis Emerging Markets Equity ETF in the fourth quarter worth approximately $528,227,000. Wells Fargo & Company MN grew its position in Avantis Emerging Markets Equity ETF by 17.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock worth $437,145,000 after buying an additional 837,069 shares during the last quarter. Finally, Morgan Stanley grew its position in Avantis Emerging Markets Equity ETF by 12.6% in the fourth quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock worth $435,908,000 after buying an additional 631,367 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA AVEM opened at $100.18 on Tuesday. Avantis Emerging Markets Equity ETF has a 1 year low of $66.19 and a 1 year high of $100.83. The business’s fifty day moving average is $93.24 and its two-hundred day moving average is $85.62. The stock has a market capitalization of $26.13 billion, a P/E ratio of 12.66 and a beta of 0.73.

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.