Factor Wealth Management LTD Has $4.19 Million Holdings in Avantis Emerging Markets Equity ETF $AVEM

Factor Wealth Management LTD cut its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 10.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,000 shares of the company’s stock after selling 6,049 shares during the period. Factor Wealth Management LTD’s holdings in Avantis Emerging Markets Equity ETF were worth $4,190,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of 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 increased its holdings in shares of Avantis Emerging Markets Equity ETF by 4.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock valued at $741,503,000 after purchasing an additional 418,018 shares in the last quarter. Align Financial LLC bought a new position in Avantis Emerging Markets Equity ETF in the 4th quarter worth approximately $528,227,000. Wells Fargo & Company MN raised its position in Avantis Emerging Markets Equity ETF by 17.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock worth $437,145,000 after purchasing an additional 837,069 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in Avantis Emerging Markets Equity ETF by 12.6% during the 4th 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 in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA:AVEM opened at $94.78 on Thursday. The company has a market cap of $24.72 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. The stock’s fifty day moving average price is $93.58 and its two-hundred day moving average price is $85.87. Avantis Emerging Markets Equity ETF has a 52-week low of $67.75 and a 52-week high of $100.83.

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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.