41,204 Shares in Avantis Emerging Markets Equity ETF $AVEM Purchased by GFG Capital LLC

GFG Capital LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the 2nd quarter, Holdings Channel reports. The fund purchased 41,204 shares of the company’s stock, valued at approximately $3,976,000. Avantis Emerging Markets Equity ETF accounts for about 1.0% of GFG Capital LLC’s holdings, making the stock its 27th largest position.

Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 45.1% in the 1st quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock worth $2,310,765,000 after acquiring an additional 8,908,264 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in Avantis Emerging Markets Equity ETF by 4.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock worth $741,503,000 after acquiring an additional 418,018 shares during the last quarter. Align Financial LLC acquired a new stake in Avantis Emerging Markets Equity ETF during the 4th quarter valued at $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 valued at $437,145,000 after purchasing an additional 837,069 shares during the last quarter. Finally, Morgan Stanley raised its position in Avantis Emerging Markets Equity ETF by 12.6% in the 4th quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock valued at $435,908,000 after purchasing an additional 631,367 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Avantis Emerging Markets Equity ETF stock opened at $96.20 on Wednesday. The firm has a market cap of $27.38 billion, a P/E ratio of 12.66 and a beta of 0.75. The business’s fifty day moving average is $92.60 and its two-hundred day moving average is $90.51. Avantis Emerging Markets Equity ETF has a 52 week low of $72.94 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.