Convergence Financial LLC Decreases Stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Convergence Financial LLC lowered its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,661 shares of the company’s stock after selling 716 shares during the quarter. Convergence Financial LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $1,038,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AVEM. Farmers & Merchants Investments Inc. purchased a new position in Avantis Emerging Markets Equity ETF in the third quarter worth approximately $210,000. First Trust Direct Indexing L.P. purchased a new position in Avantis Emerging Markets Equity ETF in the third quarter worth approximately $331,000. Diversify Wealth Management LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth approximately $288,000. Summit Wealth Partners LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 22.9% during the 3rd quarter. Summit Wealth Partners LLC now owns 40,909 shares of the company’s stock worth $2,643,000 after buying an additional 7,617 shares during the last quarter. Finally, Fonville Wealth Management LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 5.0% during the 3rd quarter. Fonville Wealth Management LLC now owns 143,684 shares of the company’s stock worth $9,282,000 after buying an additional 6,802 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 0.7 %

Shares of NYSEARCA:AVEM opened at $61.34 on Thursday. The company has a market capitalization of $5.49 billion, a PE ratio of 9.91 and a beta of 0.88. Avantis Emerging Markets Equity ETF has a twelve month low of $55.65 and a twelve month high of $66.31. The firm has a 50 day simple moving average of $59.59 and a 200-day simple moving average of $61.28.

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.