Thrivent Financial for Lutherans Invests $884,000 in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Thrivent Financial for Lutherans purchased a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,677 shares of the company’s stock, valued at approximately $884,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Strategic Financial Concepts LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 7,528.9% during the second quarter. Strategic Financial Concepts LLC now owns 2,157,235 shares of the company’s stock valued at $131,785,000 after acquiring an additional 2,128,958 shares in the last quarter. Savant Capital LLC grew its position in Avantis Emerging Markets Equity ETF by 7.5% during the 2nd quarter. Savant Capital LLC now owns 14,181,306 shares of the company’s stock worth $866,336,000 after purchasing an additional 992,460 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Avantis Emerging Markets Equity ETF by 10.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,162,990 shares of the company’s stock valued at $498,677,000 after purchasing an additional 803,346 shares in the last quarter. Cannon Financial Strategists Inc. purchased a new position in shares of Avantis Emerging Markets Equity ETF in the second quarter worth $20,287,000. Finally, Annex Advisory Services LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 13.8% in the third quarter. Annex Advisory Services LLC now owns 2,539,099 shares of the company’s stock worth $164,026,000 after buying an additional 307,011 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM opened at $61.27 on Tuesday. The company’s fifty day moving average price is $63.12 and its 200-day moving average price is $61.78. Avantis Emerging Markets Equity ETF has a 1-year low of $52.72 and a 1-year high of $66.31. The firm has a market capitalization of $5.48 billion, a PE ratio of 9.91 and a beta of 0.88.

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.