Midwest Trust Co Sells 5,873 Shares of Avantis Emerging Markets Equity ETF $AVEM

Midwest Trust Co lessened its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 0.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 767,587 shares of the company’s stock after selling 5,873 shares during the quarter. Midwest Trust Co’s holdings in Avantis Emerging Markets Equity ETF were worth $61,852,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Winch Advisory Services LLC purchased a new position in Avantis Emerging Markets Equity ETF in the first quarter valued at about $26,000. Rothschild Investment LLC increased its stake 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 worth $34,000 after purchasing an additional 289 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Avantis Emerging Markets Equity ETF in the 4th quarter worth approximately $36,000. Team Financial Group LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 184.2% in 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 during the period. Finally, Hantz Financial Services Inc. lifted its stake in Avantis Emerging Markets Equity ETF by 49.5% in the fourth quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock valued at $43,000 after purchasing an additional 183 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA AVEM traded up $0.17 on Friday, hitting $94.14. 2,671,141 shares of the stock traded hands, compared to its average volume of 2,012,466. The business’s fifty day moving average is $94.85 and its two-hundred day moving average is $87.30. Avantis Emerging Markets Equity ETF has a 12 month low of $68.27 and a 12 month high of $100.83. The firm has a market capitalization of $25.90 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73.

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.