Sunburst Financial Group LLC Grows Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

Sunburst Financial Group LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 17.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 265,413 shares of the company’s stock after acquiring an additional 38,916 shares during the quarter. Avantis Emerging Markets Equity ETF makes up 4.1% of Sunburst Financial Group LLC’s portfolio, making the stock its 7th largest holding. Sunburst Financial Group LLC owned 0.10% of Avantis Emerging Markets Equity ETF worth $25,610,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Bank of America Corp DE lifted its position in Avantis Emerging Markets Equity ETF by 45.1% during the first quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock valued at $2,310,765,000 after purchasing an additional 8,908,264 shares in the last quarter. Mercer Global Advisors Inc. ADV grew 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 valued at $741,503,000 after purchasing an additional 418,018 shares during the period. Align Financial LLC bought a new stake in Avantis Emerging Markets Equity ETF during the fourth quarter valued at about $528,227,000. Wells Fargo & Company MN increased 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 in the last quarter. Finally, Morgan Stanley increased 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 in the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 0.7%

NYSEARCA AVEM opened at $92.27 on Friday. The stock’s 50-day moving average price is $93.46 and its 200-day moving average price is $88.93. Avantis Emerging Markets Equity ETF has a 52 week low of $70.27 and a 52 week high of $100.83. The company has a market capitalization of $26.26 billion, a P/E ratio of 12.66 and a beta of 0.74.

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.