Dentgroup LLC Cuts Stock Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Dentgroup LLC cut its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 2.8% in the first quarter, Holdings Channel reports. The institutional investor owned 11,573 shares of the company’s stock after selling 328 shares during the quarter. Dentgroup LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $696,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Savant Capital LLC increased its position in shares of 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 valued at $973,997,000 after buying an additional 1,172,561 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Avantis Emerging Markets Equity ETF by 8.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 14,915,520 shares of the company’s stock valued at $876,883,000 after buying an additional 1,115,487 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at approximately $471,967,000. Cerity Partners LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF by 2.8% in the fourth quarter. Cerity Partners LLC now owns 2,194,942 shares of the company’s stock worth $129,041,000 after acquiring an additional 60,499 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Avantis Emerging Markets Equity ETF by 40.0% in the fourth quarter. Wells Fargo & Company MN now owns 2,061,263 shares of the company’s stock worth $121,182,000 after acquiring an additional 589,303 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:AVEM opened at $66.57 on Friday. The business’s 50 day moving average price is $61.25 and its 200-day moving average price is $60.62. The firm has a market capitalization of $10.15 billion, a PE ratio of 12.64 and a beta of 0.66. Avantis Emerging Markets Equity ETF has a 1 year low of $52.52 and a 1 year high of $66.59.

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.