Signet Financial Management LLC Sells 6,510 Shares of Avantis Emerging Markets Equity ETF $AVEM

Signet Financial Management LLC trimmed its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 4.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,276 shares of the company’s stock after selling 6,510 shares during the period. Avantis Emerging Markets Equity ETF accounts for 1.1% of Signet Financial Management LLC’s holdings, making the stock its 19th largest position. Signet Financial Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $10,095,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AVEM. Winch Advisory Services LLC bought a new position in Avantis Emerging Markets Equity ETF during the 1st quarter worth $26,000. Rothschild Investment LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 192.7% during the 4th quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock valued at $34,000 after acquiring an additional 289 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in shares of Avantis Emerging Markets Equity ETF during the 4th quarter valued at $36,000. Team Financial Group LLC grew its holdings in shares of Avantis Emerging Markets Equity ETF by 184.2% during the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock worth $43,000 after purchasing an additional 361 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in shares of Avantis Emerging Markets Equity ETF by 49.5% during the 4th quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock worth $43,000 after purchasing an additional 183 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA AVEM opened at $92.43 on Wednesday. Avantis Emerging Markets Equity ETF has a 52 week low of $68.27 and a 52 week high of $100.83. The stock has a market capitalization of $25.59 billion, a P/E ratio of 12.66 and a beta of 0.73. The stock’s fifty day moving average is $94.86 and its 200 day moving average is $87.58.

About Avantis Emerging Markets Equity ETF

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.