Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Position Reduced by Brown Financial Advisory

Brown Financial Advisory trimmed its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 5.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,691 shares of the company’s stock after selling 2,598 shares during the quarter. Avantis Emerging Markets Equity ETF makes up 2.1% of Brown Financial Advisory’s portfolio, making the stock its 8th biggest holding. Brown Financial Advisory owned approximately 0.05% of Avantis Emerging Markets Equity ETF worth $3,016,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Iron Horse Wealth Management LLC acquired a new stake in Avantis Emerging Markets Equity ETF during the third quarter worth approximately $28,000. Gleason Group Inc. acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the second quarter worth $33,000. CVA Family Office LLC grew its position in shares of Avantis Emerging Markets Equity ETF by 59.7% in the second quarter. CVA Family Office LLC now owns 559 shares of the company’s stock valued at $34,000 after purchasing an additional 209 shares during the period. Northwest Investment Counselors LLC acquired a new position in Avantis Emerging Markets Equity ETF in the third quarter valued at $37,000. Finally, City State Bank purchased a new position in Avantis Emerging Markets Equity ETF during the third quarter worth about $45,000.

Avantis Emerging Markets Equity ETF Trading Up 0.4 %

Shares of NYSEARCA:AVEM opened at $63.54 on Tuesday. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88. The stock’s 50-day moving average price is $62.73 and its two-hundred day moving average price is $61.29. Avantis Emerging Markets Equity ETF has a 12-month low of $50.65 and a 12-month high of $66.31.

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.