Cerity Partners LLC Grows Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Cerity Partners LLC boosted its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,194,942 shares of the company’s stock after purchasing an additional 60,499 shares during the period. Cerity Partners LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $129,041,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 223.6% in the third quarter. FMR LLC now owns 2,016 shares of the company’s stock worth $130,000 after purchasing an additional 1,393 shares during the period. Natixis Advisors LLC increased its stake in Avantis Emerging Markets Equity ETF by 39.8% during the 4th quarter. Natixis Advisors LLC now owns 26,338 shares of the company’s stock valued at $1,548,000 after buying an additional 7,492 shares during the period. Raymond James Financial Inc. acquired a new stake in Avantis Emerging Markets Equity ETF in the fourth quarter worth approximately $16,021,000. Truist Financial Corp grew its stake in shares of Avantis Emerging Markets Equity ETF by 4.1% in the 4th quarter. Truist Financial Corp now owns 5,725 shares of the company’s stock worth $337,000 after purchasing an additional 224 shares during the last quarter. Finally, US Bancorp DE increased its holdings in shares of Avantis Emerging Markets Equity ETF by 65.8% in the fourth quarter. US Bancorp DE now owns 4,175 shares of the company’s stock valued at $245,000 after buying an additional 1,657 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

AVEM stock opened at $56.10 on Monday. The firm has a market capitalization of $7.24 billion, a P/E ratio of 12.56 and a beta of 0.67. Avantis Emerging Markets Equity ETF has a 52-week low of $55.59 and a 52-week high of $66.31. The company’s 50 day simple moving average is $60.48 and its 200-day simple moving average is $61.24.

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.