Avantis Emerging Markets Equity ETF $AVEM Position Lessened by Pasadena Private Wealth LLC

Pasadena Private Wealth LLC lessened its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 27.5% in the first quarter, Holdings Channel.com reports. The fund owned 228,371 shares of the company’s stock after selling 86,790 shares during the period. Avantis Emerging Markets Equity ETF comprises approximately 2.5% of Pasadena Private Wealth LLC’s portfolio, making the stock its 9th largest holding. Pasadena Private Wealth LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $18,402,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVEM. AQR Capital Management LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 13.2% in the first quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock valued at $1,336,000 after acquiring an additional 2,596 shares in the last quarter. M&T Bank Corp bought a new position in Avantis Emerging Markets Equity ETF in the 2nd quarter worth $287,000. Diversify Advisory Services LLC bought a new position in Avantis Emerging Markets Equity ETF in the 2nd quarter worth $478,000. Diversify Wealth Management LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 20.3% in the 2nd quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock worth $946,000 after purchasing an additional 2,244 shares during the period. Finally, Quantinno Capital Management LP lifted its position in shares of Avantis Emerging Markets Equity ETF by 74.1% in the 2nd quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock worth $1,010,000 after purchasing an additional 6,271 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM opened at $94.40 on Monday. The firm’s 50-day moving average price is $93.86 and its 200-day moving average price is $86.12. The firm 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.

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.