Raymond James & Associates Has $2.25 Million Holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Raymond James & Associates boosted its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,895 shares of the company’s stock after purchasing an additional 2,156 shares during the quarter. Raymond James & Associates owned about 0.06% of Avantis Emerging Markets Equity ETF worth $2,250,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AVEM. Steward Partners Investment Advisory LLC acquired a new position in Avantis Emerging Markets Equity ETF during the first quarter worth about $29,000. NewEdge Advisors LLC acquired a new position in Avantis Emerging Markets Equity ETF during the first quarter worth about $29,000. Harbour Investments Inc. raised its stake in Avantis Emerging Markets Equity ETF by 2,404.3% during the fourth quarter. Harbour Investments Inc. now owns 576 shares of the company’s stock worth $29,000 after acquiring an additional 553 shares in the last quarter. Westside Investment Management Inc. raised its stake in Avantis Emerging Markets Equity ETF by 740.0% during the fourth quarter. Westside Investment Management Inc. now owns 840 shares of the company’s stock worth $47,000 after acquiring an additional 740 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new position in Avantis Emerging Markets Equity ETF during the third quarter worth about $50,000.

Avantis Emerging Markets Equity ETF Trading Down 1.3 %

Shares of NYSEARCA AVEM opened at $56.43 on Wednesday. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 9.46 and a beta of 0.80. Avantis Emerging Markets Equity ETF has a 12 month low of $50.65 and a 12 month high of $59.40. The stock has a 50-day moving average price of $57.50 and a two-hundred day moving average price of $55.31.

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.