Fifth Third Securities Inc. Invests $778,000 in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Fifth Third Securities Inc. purchased a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 13,238 shares of the company’s stock, valued at approximately $778,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jane Street Group LLC raised its holdings in Avantis Emerging Markets Equity ETF by 380.2% in the third quarter. Jane Street Group LLC now owns 1,421,298 shares of the company’s stock worth $91,816,000 after purchasing an additional 1,125,300 shares during the period. MML Investors Services LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 270.3% in the 3rd quarter. MML Investors Services LLC now owns 941,220 shares of the company’s stock valued at $60,803,000 after buying an additional 687,056 shares in the last quarter. Merit Financial Group LLC raised its stake in Avantis Emerging Markets Equity ETF by 486.2% during the 4th quarter. Merit Financial Group LLC now owns 713,524 shares of the company’s stock worth $41,948,000 after buying an additional 591,800 shares during the period. Bank of Montreal Can lifted its holdings in Avantis Emerging Markets Equity ETF by 26,155,500.0% during the third quarter. Bank of Montreal Can now owns 523,112 shares of the company’s stock worth $34,264,000 after acquiring an additional 523,110 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in Avantis Emerging Markets Equity ETF by 31.1% in the third quarter. Cerity Partners LLC now owns 2,134,443 shares of the company’s stock valued at $137,885,000 after acquiring an additional 506,778 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA AVEM opened at $59.21 on Friday. Avantis Emerging Markets Equity ETF has a one year low of $54.33 and a one year high of $66.31. The firm has a market cap of $5.30 billion, a P/E ratio of 9.91 and a beta of 0.88. The stock’s 50-day moving average is $59.89 and its 200-day moving average is $61.22.

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.