Avantis Emerging Markets Equity ETF $AVEM Stock: Diversify Advisory Services LLC Cuts Stake

Diversify Advisory Services LLC trimmed its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 16.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 47,339 shares of the company’s stock after selling 9,265 shares during the quarter. Diversify Advisory Services LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $4,279,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in Avantis Emerging Markets Equity ETF by 45.1% during the first quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock valued at $2,310,765,000 after purchasing an additional 8,908,264 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Avantis Emerging Markets Equity ETF by 6.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,329,760 shares of the company’s stock worth $187,732,000 after purchasing an additional 131,390 shares in the last quarter. Annex Advisory Services LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter worth $157,364,000. Cetera Investment Advisers raised its position in shares of Avantis Emerging Markets Equity ETF by 13.3% during the 1st quarter. Cetera Investment Advisers now owns 1,868,208 shares of the company’s stock valued at $150,540,000 after purchasing an additional 219,618 shares during the period. Finally, Apella Capital LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 15.2% during the 3rd quarter. Apella Capital LLC now owns 1,149,116 shares of the company’s stock valued at $109,109,000 after purchasing an additional 151,968 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

AVEM opened at $89.83 on Thursday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $73.79 and a fifty-two week high of $100.83. The firm’s fifty day moving average is $93.97 and its 200 day moving average is $92.82. The stock has a market cap of $27.17 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75.

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.