Aire Advisors LLC Has $12.41 Million Stock Position in Avantis Emerging Markets Equity ETF $AVEM

Aire Advisors LLC trimmed its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 181,118 shares of the company’s stock after selling 3,509 shares during the quarter. Avantis Emerging Markets Equity ETF makes up 2.4% of Aire Advisors LLC’s portfolio, making the stock its 13th biggest position. Aire Advisors LLC owned 0.11% of Avantis Emerging Markets Equity ETF worth $12,414,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVEM. POM Investment Strategies LLC acquired a new stake in Avantis Emerging Markets Equity ETF in the first quarter worth about $26,000. AdvisorNet Financial Inc increased its position in Avantis Emerging Markets Equity ETF by 213.4% in the second quarter. AdvisorNet Financial Inc now owns 492 shares of the company’s stock worth $34,000 after purchasing an additional 335 shares during the period. South Plains Financial Inc. acquired a new stake in Avantis Emerging Markets Equity ETF in the first quarter worth about $41,000. Clarity Asset Management Inc. increased its position in Avantis Emerging Markets Equity ETF by 31.5% in the first quarter. Clarity Asset Management Inc. now owns 752 shares of the company’s stock worth $45,000 after purchasing an additional 180 shares during the period. Finally, JFS Wealth Advisors LLC grew its position in shares of Avantis Emerging Markets Equity ETF by 543.8% during the 1st quarter. JFS Wealth Advisors LLC now owns 824 shares of the company’s stock worth $50,000 after buying an additional 696 shares during the period.

Avantis Emerging Markets Equity ETF Trading Up 1.8%

Avantis Emerging Markets Equity ETF stock opened at $75.80 on Thursday. The firm has a market capitalization of $13.77 billion, a P/E ratio of 12.66 and a beta of 0.80. Avantis Emerging Markets Equity ETF has a 1 year low of $52.52 and a 1 year high of $76.72. The business has a 50-day moving average of $73.31 and a 200-day moving average of $67.64.

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.