Avantis Emerging Markets Equity ETF $AVEM Shares Sold by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. lessened its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 3.6% in the first quarter, Holdings Channel reports. The fund owned 234,314 shares of the company’s stock after selling 8,814 shares during the quarter. Avantis Emerging Markets Equity ETF makes up about 1.0% of TCI Wealth Advisors Inc.’s holdings, making the stock its 19th biggest holding. TCI Wealth Advisors Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $18,881,000 as of its most recent SEC filing.

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

Avantis Emerging Markets Equity ETF Price Performance

Avantis Emerging Markets Equity ETF stock opened at $92.44 on Friday. Avantis Emerging Markets Equity ETF has a 12-month low of $68.15 and a 12-month high of $100.83. The company has a market capitalization of $25.11 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. The firm’s fifty day moving average price is $94.36 and its 200 day moving average price is $86.65.

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.