Pure Financial Advisors LLC Trims Position in Avantis Emerging Markets Equity ETF $AVEM

Pure Financial Advisors LLC lowered its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,357,553 shares of the company’s stock after selling 24,431 shares during the period. Avantis Emerging Markets Equity ETF makes up about 1.6% of Pure Financial Advisors LLC’s investment portfolio, making the stock its 18th largest position. Pure Financial Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $101,966,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AVEM. Hantz Financial Services Inc. raised its stake in Avantis Emerging Markets Equity ETF by 2,366.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock valued at $25,000 after acquiring an additional 355 shares during the last quarter. AdvisorNet Financial Inc raised its stake in shares of Avantis Emerging Markets Equity ETF by 213.4% during the second quarter. AdvisorNet Financial Inc now owns 492 shares of the company’s stock worth $34,000 after purchasing an additional 335 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 306.3% during the third quarter. Blue Trust Inc. now owns 780 shares of the company’s stock worth $59,000 after purchasing an additional 588 shares during the period. McElhenny Sheffield Capital Management LLC purchased a new position in Avantis Emerging Markets Equity ETF in the 2nd quarter valued at $69,000. Finally, South Plains Financial Inc. grew its position in Avantis Emerging Markets Equity ETF by 61.2% in the 2nd quarter. South Plains Financial Inc. now owns 1,098 shares of the company’s stock valued at $75,000 after buying an additional 417 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of Avantis Emerging Markets Equity ETF stock opened at $77.01 on Tuesday. Avantis Emerging Markets Equity ETF has a one year low of $52.52 and a one year high of $78.76. The company has a market cap of $14.29 billion, a P/E ratio of 12.66 and a beta of 0.68. The firm has a fifty day moving average of $76.76 and a two-hundred day moving average of $73.39.

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.