Exchange Traded Concepts LLC Makes New $12.25 Million Investment in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Exchange Traded Concepts LLC bought a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 4th quarter, Holdings Channel reports. The fund bought 208,348 shares of the company’s stock, valued at approximately $12,249,000.

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

Avantis Emerging Markets Equity ETF Stock Performance

Avantis Emerging Markets Equity ETF stock opened at $59.66 on Friday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $54.33 and a fifty-two week high of $66.31. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88. The stock has a fifty day moving average of $60.05 and a two-hundred day moving average of $61.35.

About Avantis Emerging Markets Equity ETF

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.