Avantis Emerging Markets Equity ETF $AVEM Shares Sold by Websterrogers Financial Advisors LLC
by Kim Johansen · The Markets DailyWebsterrogers Financial Advisors LLC reduced its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 4.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,954 shares of the company’s stock after selling 9,599 shares during the period. Avantis Emerging Markets Equity ETF makes up about 4.6% of Websterrogers Financial Advisors LLC’s holdings, making the stock its 6th largest holding. Websterrogers Financial Advisors LLC owned about 0.11% of Avantis Emerging Markets Equity ETF worth $15,244,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of AVEM. Savant Capital LLC raised its position in Avantis Emerging Markets Equity ETF by 0.9% in the 2nd quarter. Savant Capital LLC now owns 17,904,707 shares of the company’s stock valued at $1,227,189,000 after purchasing an additional 157,957 shares in the last quarter. Bank of America Corp DE raised its holdings in Avantis Emerging Markets Equity ETF by 1,271.2% in the second quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock valued at $1,202,511,000 after acquiring an additional 16,265,184 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Avantis Emerging Markets Equity ETF by 16.5% in the second quarter. Envestnet Asset Management Inc. now owns 17,514,256 shares of the company’s stock worth $1,200,426,000 after acquiring an additional 2,483,487 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Avantis Emerging Markets Equity ETF by 28.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,062,191 shares of the company’s stock worth $209,883,000 after acquiring an additional 670,844 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in Avantis Emerging Markets Equity ETF by 13.9% during the 2nd quarter. Cerity Partners LLC now owns 2,615,107 shares of the company’s stock worth $179,714,000 after acquiring an additional 319,867 shares in the last quarter.
Avantis Emerging Markets Equity ETF Trading Up 1.2%
Shares of AVEM opened at $75.06 on Friday. The firm has a market capitalization of $13.92 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. The firm’s fifty day simple moving average is $76.58 and its 200-day simple moving average is $72.80. Avantis Emerging Markets Equity ETF has a twelve month low of $52.52 and a twelve month high of $78.76.
Avantis Emerging Markets Equity ETF 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.
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