Tortoise Investment Management LLC Has $3.74 Million Stock Holdings in Avantis Emerging Markets Value ETF $AVES

Tortoise Investment Management LLC reduced its stake in Avantis Emerging Markets Value ETF (NYSEARCA:AVES) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,919 shares of the company’s stock after selling 1,612 shares during the quarter. Tortoise Investment Management LLC owned about 0.50% of Avantis Emerging Markets Value ETF worth $3,744,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Focus Partners Wealth lifted its position in shares of Avantis Emerging Markets Value ETF by 3,632.5% in the 1st quarter. Focus Partners Wealth now owns 832,321 shares of the company’s stock worth $39,252,000 after purchasing an additional 810,022 shares during the period. CCM Investment Group LLC acquired a new stake in shares of Avantis Emerging Markets Value ETF during the first quarter worth $37,750,000. American Century Companies Inc. raised its stake in Avantis Emerging Markets Value ETF by 23.3% during the first quarter. American Century Companies Inc. now owns 956,758 shares of the company’s stock worth $45,121,000 after buying an additional 180,622 shares during the last quarter. Focus Partners Advisor Solutions LLC lifted its holdings in Avantis Emerging Markets Value ETF by 150.5% in the second quarter. Focus Partners Advisor Solutions LLC now owns 249,449 shares of the company’s stock valued at $13,357,000 after buying an additional 149,869 shares during the period. Finally, HighTower Advisors LLC boosted its position in Avantis Emerging Markets Value ETF by 102.0% during the first quarter. HighTower Advisors LLC now owns 196,015 shares of the company’s stock valued at $9,244,000 after acquiring an additional 98,955 shares during the last quarter.

Avantis Emerging Markets Value ETF Trading Up 0.4%

AVES stock opened at $58.86 on Friday. The firm has a market cap of $841.70 million, a PE ratio of 10.65 and a beta of 0.66. The stock has a 50-day moving average price of $57.63 and a 200-day moving average price of $54.78. Avantis Emerging Markets Value ETF has a 1-year low of $41.68 and a 1-year high of $59.27.

Avantis Emerging Markets Value ETF Profile

The Avantis Emerging Markets Value ETF (AVES) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of emerging market equities with lower prices relative to their book values. AVES was launched on Sep 28, 2021 and is managed by American Century Investments.