Avantis Emerging Markets Equity ETF $AVEM Shares Sold by Oak Root LLC

Oak Root LLC cut its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,075,466 shares of the company’s stock after selling 91,749 shares during the period. Avantis Emerging Markets Equity ETF makes up 10.0% of Oak Root LLC’s investment portfolio, making the stock its 4th largest position. Oak Root LLC owned about 0.51% of Avantis Emerging Markets Equity ETF worth $82,832,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. AQR Capital Management LLC raised its stake in Avantis Emerging Markets Equity ETF by 13.2% during the first quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock worth $1,336,000 after purchasing an additional 2,596 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 44.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 311,490 shares of the company’s stock valued at $21,350,000 after purchasing an additional 95,810 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the 2nd quarter valued at $287,000. Beacon Pointe Advisors LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the 2nd quarter valued at $391,000. Finally, Parkworth Wealth Management Inc. increased its holdings in shares of Avantis Emerging Markets Equity ETF by 2.7% during the 2nd quarter. Parkworth Wealth Management Inc. now owns 54,519 shares of the company’s stock worth $3,737,000 after buying an additional 1,416 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 0.8%

Shares of AVEM opened at $80.67 on Friday. Avantis Emerging Markets Equity ETF has a twelve month low of $52.52 and a twelve month high of $89.75. The firm has a market capitalization of $17.83 billion, a P/E ratio of 12.66 and a beta of 0.68. The stock’s fifty day simple moving average is $83.72 and its 200 day simple moving average is $79.33.

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.