Jordan Park Group LLC Makes New Investment in Avantis Emerging Markets Equity ETF $AVEM

Jordan Park Group LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,738 shares of the company’s stock, valued at approximately $1,010,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AVEM. Bank of America Corp DE lifted its position in shares of 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 buying an additional 8,908,264 shares during the last quarter. Vantagepoint Investment Advisers LLC bought a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth approximately $248,060,000. PNC Financial Services Group Inc. lifted its position in Avantis Emerging Markets Equity ETF by 6.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,329,760 shares of the company’s stock valued at $187,732,000 after acquiring an additional 131,390 shares during the last quarter. Kestra Investment Management LLC lifted its position in Avantis Emerging Markets Equity ETF by 9.3% during the third quarter. Kestra Investment Management LLC now owns 2,061,339 shares of the company’s stock valued at $193,807,000 after acquiring an additional 175,853 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in Avantis Emerging Markets Equity ETF by 13.3% during the first quarter. Cetera Investment Advisers now owns 1,868,208 shares of the company’s stock valued at $150,540,000 after acquiring an additional 219,618 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Down 1.4%

Shares of AVEM opened at $85.89 on Friday. The company has a 50 day moving average of $91.44 and a two-hundred day moving average of $90.16. Avantis Emerging Markets Equity ETF has a twelve month low of $73.79 and a twelve month high of $100.83. The company has a market cap of $26.98 billion, a price-to-earnings ratio of 10.99 and a beta of 0.79.

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.