Envestnet Asset Management Inc. Sells 7,060,745 Shares of Avantis Emerging Markets Equity ETF $AVEM

Envestnet Asset Management Inc. lessened its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 40.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,453,511 shares of the company’s stock after selling 7,060,745 shares during the quarter. Envestnet Asset Management Inc. owned about 0.06% of Avantis Emerging Markets Equity ETF worth $785,163,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Centennial Wealth Advisory LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 48.4% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 26,705 shares of the company’s stock worth $2,006,000 after buying an additional 8,707 shares in the last quarter. CFS Investment Advisory Services LLC bought a new stake in Avantis Emerging Markets Equity ETF in the third quarter valued at $3,713,000. Modera Wealth Management LLC grew its position in Avantis Emerging Markets Equity ETF by 0.7% in the second quarter. Modera Wealth Management LLC now owns 181,076 shares of the company’s stock valued at $12,411,000 after acquiring an additional 1,234 shares during the period. Atlas Brown Inc. raised its stake in Avantis Emerging Markets Equity ETF by 223.9% during the third quarter. Atlas Brown Inc. now owns 13,051 shares of the company’s stock worth $980,000 after acquiring an additional 9,022 shares in the last quarter. Finally, White Pine Investment CO bought a new position in shares of Avantis Emerging Markets Equity ETF during the third quarter valued at $2,799,000.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA:AVEM opened at $83.86 on Wednesday. The company’s fifty day moving average is $78.98 and its 200-day moving average is $75.73. Avantis Emerging Markets Equity ETF has a 52 week low of $52.52 and a 52 week high of $85.65. The company has a market capitalization of $18.52 billion, a PE ratio of 12.66 and a beta of 0.68.

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.