ORBA Wealth Advisors L.L.C. Sells 7,112 Shares of Avantis Emerging Markets Equity ETF $AVEM

ORBA Wealth Advisors L.L.C. lowered its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 15.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 38,293 shares of the company’s stock after selling 7,112 shares during the period. Avantis Emerging Markets Equity ETF accounts for approximately 2.6% of ORBA Wealth Advisors L.L.C.’s portfolio, making the stock its 10th largest holding. ORBA Wealth Advisors L.L.C.’s holdings in Avantis Emerging Markets Equity ETF were worth $2,949,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Avantax Planning Partners Inc. boosted its position in shares of Avantis Emerging Markets Equity ETF by 5.5% during the fourth quarter. Avantax Planning Partners Inc. now owns 1,108,899 shares of the company’s stock worth $85,407,000 after buying an additional 58,273 shares during the period. Allworth Financial LP raised its holdings in shares of Avantis Emerging Markets Equity ETF by 152.8% in the 4th quarter. Allworth Financial LP now owns 131,680 shares of the company’s stock valued at $10,142,000 after buying an additional 79,589 shares during the period. Atria Investments Inc raised its holdings in shares of Avantis Emerging Markets Equity ETF by 102.6% in the 4th quarter. Atria Investments Inc now owns 44,695 shares of the company’s stock valued at $3,442,000 after buying an additional 22,636 shares during the period. World Investment Advisors lifted its stake in Avantis Emerging Markets Equity ETF by 31.1% during the 4th quarter. World Investment Advisors now owns 34,136 shares of the company’s stock worth $2,542,000 after acquiring an additional 8,094 shares in the last quarter. Finally, Continuum Wealth Advisors LLC acquired a new position in Avantis Emerging Markets Equity ETF during the 4th quarter worth about $310,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of Avantis Emerging Markets Equity ETF stock opened at $95.03 on Friday. The stock has a market capitalization of $24.78 billion, a price-to-earnings ratio of 12.66 and a beta of 0.72. The business has a 50-day moving average of $85.71 and a 200 day moving average of $82.09. Avantis Emerging Markets Equity ETF has a 12 month low of $63.91 and a 12 month high of $96.07.

Avantis Emerging Markets Equity ETF Company 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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.