Brown Financial Advisors Sells 7,473 Shares of Avantis Emerging Markets Equity ETF $AVEM

Brown Financial Advisors trimmed its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 13.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,149 shares of the company’s stock after selling 7,473 shares during the period. Avantis Emerging Markets Equity ETF accounts for approximately 1.6% of Brown Financial Advisors’ holdings, making the stock its 13th largest holding. Brown Financial Advisors’ holdings in Avantis Emerging Markets Equity ETF were worth $4,742,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Winch Advisory Services LLC acquired a new position in Avantis Emerging Markets Equity ETF in the first quarter worth $26,000. JFS Wealth Advisors LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 67.3% in the second quarter. JFS Wealth Advisors LLC now owns 276 shares of the company’s stock valued at $27,000 after buying an additional 111 shares during the last quarter. Glenmede Trust Co. NA bought a new position in shares of Avantis Emerging Markets Equity ETF in the first quarter valued at about $31,000. Rothschild Investment LLC lifted its position in 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 buying an additional 289 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new position in Avantis Emerging Markets Equity ETF during the 4th quarter worth about $36,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:AVEM opened at $96.81 on Monday. The firm has a market cap of $27.55 billion, a P/E ratio of 12.66 and a beta of 0.75. Avantis Emerging Markets Equity ETF has a 12 month low of $71.68 and a 12 month high of $100.83. The company’s 50-day moving average price is $92.57 and its two-hundred day moving average price is $90.37.

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.