Greenup Street Wealth Management LLC Cuts Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

Greenup Street Wealth Management LLC lessened its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 3.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 619,902 shares of the company’s stock after selling 21,637 shares during the period. Avantis Emerging Markets Equity ETF comprises approximately 7.0% of Greenup Street Wealth Management LLC’s holdings, making the stock its 4th largest holding. Greenup Street Wealth Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $49,952,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AVEM. Bank of America Corp DE lifted its holdings in Avantis Emerging Markets Equity ETF by 4.9% in the 3rd quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock worth $1,382,953,000 after buying an additional 867,710 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in shares of Avantis Emerging Markets Equity ETF by 4.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock valued at $741,503,000 after buying an additional 418,018 shares during the period. Align Financial LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF during the fourth quarter valued at approximately $528,227,000. Wells Fargo & Company MN raised its holdings in shares of Avantis Emerging Markets Equity ETF by 17.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock valued at $437,145,000 after acquiring an additional 837,069 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Avantis Emerging Markets Equity ETF by 12.6% during the fourth quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock valued at $435,908,000 after acquiring an additional 631,367 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 0.1%

Shares of AVEM stock opened at $94.78 on Thursday. The firm has a market capitalization of $24.72 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. The stock has a fifty day moving average of $93.58 and a 200 day moving average of $85.87. Avantis Emerging Markets Equity ETF has a 52 week low of $67.75 and a 52 week high of $100.83.

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.