Raymond James Financial Inc. Invests $16.02 Million in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Raymond James Financial Inc. purchased a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 272,508 shares of the company’s stock, valued at approximately $16,021,000. Raymond James Financial Inc. owned approximately 0.30% of Avantis Emerging Markets Equity ETF at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AVEM. Natixis Advisors LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 12.6% in the 3rd quarter. Natixis Advisors LLC now owns 18,846 shares of the company’s stock worth $1,217,000 after acquiring an additional 2,107 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter worth $884,000. EnRich Financial Partners LLC grew its stake in Avantis Emerging Markets Equity ETF by 2.6% during the 3rd quarter. EnRich Financial Partners LLC now owns 69,278 shares of the company’s stock worth $4,475,000 after buying an additional 1,770 shares during the last quarter. Caprock Group LLC grew its stake in Avantis Emerging Markets Equity ETF by 47.4% during the 3rd quarter. Caprock Group LLC now owns 11,175 shares of the company’s stock worth $722,000 after buying an additional 3,593 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter worth $931,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM stock opened at $62.18 on Wednesday. Avantis Emerging Markets Equity ETF has a 1-year low of $55.65 and a 1-year high of $66.31. The stock’s fifty day moving average price is $59.94 and its 200 day moving average price is $61.20. The company has a market cap of $7.88 billion, a price-to-earnings ratio of 12.48 and a beta of 0.79.

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.