Systelligence LLC Sells 35,375 Shares of Avantis Emerging Markets Equity ETF $AVEM

Systelligence LLC decreased its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 32.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,529 shares of the company’s stock after selling 35,375 shares during the period. Systelligence LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $5,925,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AVEM. Bank of America Corp DE lifted its position in shares of Avantis Emerging Markets Equity ETF by 4.9% in the third quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock worth $1,382,953,000 after buying an additional 867,710 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Avantis Emerging Markets Equity ETF by 4.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock valued at $741,503,000 after buying an additional 418,018 shares in the last quarter. Align Financial LLC bought a new stake in Avantis Emerging Markets Equity ETF in the 4th quarter worth approximately $528,227,000. Wells Fargo & Company MN increased its stake in Avantis Emerging Markets Equity ETF by 17.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock worth $437,145,000 after acquiring an additional 837,069 shares during the last quarter. Finally, Morgan Stanley increased its stake in Avantis Emerging Markets Equity ETF by 12.6% in the 4th quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock worth $435,908,000 after acquiring an additional 631,367 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM opened at $94.40 on Friday. The stock has a market capitalization of $24.62 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 1 year low of $68.00 and a 1 year high of $100.83. The business’s 50 day simple moving average is $93.86 and its 200-day simple moving average is $86.06.

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.