West Paces Advisors Inc. Sells 50,865 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

West Paces Advisors Inc. decreased its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 11.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 404,228 shares of the company’s stock after selling 50,865 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for about 5.5% of West Paces Advisors Inc.’s holdings, making the stock its 6th biggest holding. West Paces Advisors Inc. owned 0.31% of Avantis Emerging Markets Equity ETF worth $24,322,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Savant Capital LLC raised its holdings in Avantis Emerging Markets Equity ETF by 7.6% during the fourth quarter. Savant Capital LLC now owns 16,567,391 shares of the company’s stock worth $973,997,000 after purchasing an additional 1,172,561 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Avantis Emerging Markets Equity ETF by 8.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 14,915,520 shares of the company’s stock worth $876,883,000 after purchasing an additional 1,115,487 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Avantis Emerging Markets Equity ETF during the fourth quarter worth approximately $471,967,000. Cerity Partners LLC raised its holdings in Avantis Emerging Markets Equity ETF by 2.8% during the fourth quarter. Cerity Partners LLC now owns 2,194,942 shares of the company’s stock worth $129,041,000 after purchasing an additional 60,499 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Avantis Emerging Markets Equity ETF by 40.0% during the fourth quarter. Wells Fargo & Company MN now owns 2,061,263 shares of the company’s stock worth $121,182,000 after purchasing an additional 589,303 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 0.8%

AVEM stock opened at $67.10 on Tuesday. Avantis Emerging Markets Equity ETF has a twelve month low of $52.52 and a twelve month high of $67.24. The company’s 50 day moving average is $61.38 and its two-hundred day moving average is $60.66. The stock has a market cap of $10.23 billion, a P/E ratio of 12.64 and a beta of 0.66.

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.