Northwestern Mutual Wealth Management Co. Has $279.46 Million Holdings in Avantis Emerging Markets Equity ETF $AVEM

Northwestern Mutual Wealth Management Co. grew its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 29.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,628,408 shares of the company’s stock after acquiring an additional 827,325 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 1.64% of Avantis Emerging Markets Equity ETF worth $279,460,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AVEM. Bank of America Corp DE lifted its position in shares of Avantis Emerging Markets Equity ETF by 1,271.2% in the 2nd quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock worth $1,202,511,000 after acquiring an additional 16,265,184 shares during the period. Kestra Investment Management LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 3,618.9% in the 4th quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock worth $113,646,000 after acquiring an additional 1,435,866 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Avantis Emerging Markets Equity ETF by 350.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,404,304 shares of the company’s stock worth $105,477,000 after acquiring an additional 1,092,814 shares during the period. BOKF NA lifted its position in shares of Avantis Emerging Markets Equity ETF by 9,498.3% in the 3rd quarter. BOKF NA now owns 861,253 shares of the company’s stock worth $64,689,000 after acquiring an additional 852,280 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of Avantis Emerging Markets Equity ETF by 47.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,263,134 shares of the company’s stock worth $169,989,000 after acquiring an additional 724,811 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM stock opened at $96.98 on Friday. Avantis Emerging Markets Equity ETF has a 52-week low of $63.91 and a 52-week high of $97.29. The stock has a market cap of $25.29 billion, a price-to-earnings ratio of 12.66 and a beta of 0.72. The firm has a fifty day moving average of $87.96 and a 200-day moving average of $83.22.

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.