Avantis Emerging Markets Equity ETF $AVEM Shares Sold by Pure Financial Advisors LLC

Pure Financial Advisors LLC trimmed its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,326,250 shares of the company’s stock after selling 31,303 shares during the quarter. Avantis Emerging Markets Equity ETF comprises 1.5% of Pure Financial Advisors LLC’s holdings, making the stock its 18th largest position. Pure Financial Advisors LLC owned approximately 0.60% of Avantis Emerging Markets Equity ETF worth $102,148,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AVEM. Bank of America Corp DE increased its holdings in Avantis Emerging Markets Equity ETF by 1,271.2% in the 2nd quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock worth $1,202,511,000 after buying an additional 16,265,184 shares during the period. Align Financial LLC purchased a new position in Avantis Emerging Markets Equity ETF during the 4th quarter worth approximately $528,227,000. Kestra Investment Management LLC lifted its stake in Avantis Emerging Markets Equity ETF by 3,618.9% during the 4th quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock valued at $113,646,000 after acquiring an additional 1,435,866 shares during the period. JPMorgan Chase & Co. lifted its stake in Avantis Emerging Markets Equity ETF by 350.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,404,304 shares of the company’s stock valued at $105,477,000 after acquiring an additional 1,092,814 shares during the period. Finally, LPL Financial LLC boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 39.6% in the 4th quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock valued at $288,100,000 after acquiring an additional 1,061,034 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

AVEM stock opened at $99.71 on Friday. The company has a market capitalization of $26.00 billion, a P/E ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 12 month low of $66.19 and a 12 month high of $100.00. The firm’s fifty day simple moving average is $92.95 and its 200-day simple moving average is $85.39.

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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.