Avantis Emerging Markets Equity ETF $AVEM Stock Sold by Gradient Investments LLC

Gradient Investments LLC trimmed its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 64.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,038,908 shares of the company’s stock after selling 1,921,668 shares during the quarter. Avantis Emerging Markets Equity ETF makes up 1.4% of Gradient Investments LLC’s holdings, making the stock its 14th largest holding. Gradient Investments LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $97,678,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Winch Advisory Services LLC bought a new position in Avantis Emerging Markets Equity ETF in the 1st quarter worth $26,000. JFS Wealth Advisors LLC lifted its stake in Avantis Emerging Markets Equity ETF by 67.3% in the 2nd quarter. JFS Wealth Advisors LLC now owns 276 shares of the company’s stock worth $27,000 after purchasing an additional 111 shares in the last quarter. Glenmede Trust Co. NA purchased a new position in Avantis Emerging Markets Equity ETF during the 1st quarter valued at approximately $31,000. Investors Research Corp bought a new position in Avantis Emerging Markets Equity ETF during the third quarter valued at $39,000. Finally, First Community Trust NA grew its position in Avantis Emerging Markets Equity ETF by 136.9% in the second quarter. First Community Trust NA now owns 443 shares of the company’s stock worth $43,000 after acquiring an additional 256 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 2.3%

NYSEARCA:AVEM traded down $2.16 during midday trading on Thursday, hitting $92.79. 751,310 shares of the company traded hands, compared to its average volume of 1,908,832. The firm has a market capitalization of $28.02 billion, a P/E ratio of 12.66 and a beta of 0.75. Avantis Emerging Markets Equity ETF has a 12-month low of $72.94 and a 12-month high of $100.83. The firm’s fifty day moving average is $94.02 and its 200-day moving average is $92.03.

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.