PNC Financial Services Group Inc. Has $15.80 Million Stock Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

PNC Financial Services Group Inc. grew its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 278.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 268,756 shares of the company’s stock after purchasing an additional 197,722 shares during the period. PNC Financial Services Group Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $15,800,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AVEM. Savant Capital LLC increased its holdings in Avantis Emerging Markets Equity ETF by 7.6% in the fourth quarter. Savant Capital LLC now owns 16,567,391 shares of the company’s stock worth $973,997,000 after buying an additional 1,172,561 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 7,223.2% during the 4th quarter. Strategic Financial Concepts LLC now owns 2,894,202 shares of the company’s stock valued at $170,150,000 after purchasing an additional 2,854,681 shares in the last quarter. Haverford Trust Co lifted its stake in shares of Avantis Emerging Markets Equity ETF by 0.6% in the 3rd quarter. Haverford Trust Co now owns 2,248,631 shares of the company’s stock valued at $145,262,000 after purchasing an additional 13,301 shares during the last quarter. Cerity Partners LLC boosted its stake 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 acquiring an additional 506,778 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in Avantis Emerging Markets Equity ETF by 0.3% during the third quarter. HighTower Advisors LLC now owns 1,759,332 shares of the company’s stock valued at $113,638,000 after purchasing an additional 4,738 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM opened at $59.68 on Tuesday. The company has a market capitalization of $7.47 billion, a PE ratio of 11.90 and a beta of 0.78. Avantis Emerging Markets Equity ETF has a one year low of $55.65 and a one year high of $66.31. The company’s fifty day moving average price is $59.69 and its 200 day moving average price is $61.22.

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.