Avantis Emerging Markets Equity ETF $AVEM Shares Sold by Avantax Planning Partners Inc.

Avantax Planning Partners Inc. trimmed its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 2.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,076,937 shares of the company’s stock after selling 31,962 shares during the period. Avantis Emerging Markets Equity ETF comprises about 2.4% of Avantax Planning Partners Inc.’s investment portfolio, making the stock its 10th biggest position. Avantax Planning Partners Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $86,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of AVEM. Bank of America Corp DE grew its position 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 during the period. Align Financial LLC acquired a new position in Avantis Emerging Markets Equity ETF during the 4th quarter valued at about $528,227,000. Kestra Investment Management LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF by 3,618.9% in the 4th quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock valued at $113,646,000 after purchasing an additional 1,435,866 shares during the period. Maseco LLP acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the 1st quarter valued at approximately $93,504,000. Finally, LPL Financial LLC raised its stake in Avantis Emerging Markets Equity ETF by 39.6% during the 4th quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock worth $288,100,000 after buying an additional 1,061,034 shares during the period.

Avantis Emerging Markets Equity ETF Stock Down 3.3%

Avantis Emerging Markets Equity ETF stock opened at $91.00 on Tuesday. The stock has a market capitalization of $25.03 billion, a PE ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a twelve month low of $68.27 and a twelve month high of $100.83. The company has a 50 day moving average of $94.86 and a 200-day moving average of $87.47.

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.