Envestnet Asset Management Inc. Has $876.88 Million Stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Envestnet Asset Management Inc. grew its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 8.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,915,520 shares of the company’s stock after purchasing an additional 1,115,487 shares during the period. Envestnet Asset Management Inc. owned about 0.17% of Avantis Emerging Markets Equity ETF worth $876,883,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. FMR LLC grew its stake in Avantis Emerging Markets Equity ETF by 223.6% during the third quarter. FMR LLC now owns 2,016 shares of the company’s stock worth $130,000 after buying an additional 1,393 shares in the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of Avantis Emerging Markets Equity ETF in the third quarter worth about $3,872,000. Captrust Financial Advisors acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter valued at approximately $224,000. Jane Street Group LLC grew its holdings in shares of Avantis Emerging Markets Equity ETF by 380.2% during the 3rd quarter. Jane Street Group LLC now owns 1,421,298 shares of the company’s stock valued at $91,816,000 after purchasing an additional 1,125,300 shares during the last quarter. Finally, MML Investors Services LLC increased its position in Avantis Emerging Markets Equity ETF by 270.3% during the 3rd quarter. MML Investors Services LLC now owns 941,220 shares of the company’s stock worth $60,803,000 after purchasing an additional 687,056 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:AVEM opened at $56.10 on Friday. The firm has a 50 day simple moving average of $60.48 and a 200 day simple moving average of $61.23. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 12.56 and a beta of 0.67. Avantis Emerging Markets Equity ETF has a one year low of $55.59 and a one year high of $66.31.

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.