Town Capital LLC Has $4.79 Million Position in Avantis Emerging Markets Equity ETF $AVEM

Town Capital LLC lowered its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 21.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,377 shares of the company’s stock after selling 16,488 shares during the quarter. Avantis Emerging Markets Equity ETF makes up 3.9% of Town Capital LLC’s portfolio, making the stock its 8th biggest holding. Town Capital LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $4,785,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AVEM. Parallel Advisors LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 1,654.5% during the first quarter. Parallel Advisors LLC now owns 760,155 shares of the company’s stock valued at $61,253,000 after buying an additional 716,830 shares during the last quarter. NewEdge Advisors LLC grew its stake in Avantis Emerging Markets Equity ETF by 21.7% during the first quarter. NewEdge Advisors LLC now owns 249,118 shares of the company’s stock valued at $20,074,000 after acquiring an additional 44,395 shares in the last quarter. Blue Edge Capital LLC purchased a new position in Avantis Emerging Markets Equity ETF during the first quarter valued at $11,554,000. Caerus Investment Advisors LLC bought a new stake in Avantis Emerging Markets Equity ETF in the 1st quarter valued at $220,000. Finally, Maripau Wealth Management LLC increased its holdings in Avantis Emerging Markets Equity ETF by 12.8% in the 1st quarter. Maripau Wealth Management LLC now owns 5,292 shares of the company’s stock valued at $426,000 after acquiring an additional 602 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM stock opened at $89.51 on Monday. The company’s fifty day simple moving average is $93.89 and its two-hundred day simple moving average is $88.61. 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 cap of $25.47 billion, a P/E ratio of 12.66 and a beta of 0.73.

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.