Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Stake Lowered by Morris Financial Concepts Inc.

Morris Financial Concepts Inc. cut its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 21.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,833 shares of the company’s stock after selling 2,635 shares during the quarter. Morris Financial Concepts Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $578,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in AVEM. AQR Capital Management LLC bought a new position in Avantis Emerging Markets Equity ETF in the 2nd quarter worth approximately $309,000. ERn Financial LLC grew its holdings in Avantis Emerging Markets Equity ETF by 4.6% in the 3rd quarter. ERn Financial LLC now owns 177,320 shares of the company’s stock worth $11,455,000 after buying an additional 7,771 shares in the last quarter. Annapolis Financial Services LLC grew its holdings in Avantis Emerging Markets Equity ETF by 12.8% in the 3rd quarter. Annapolis Financial Services LLC now owns 152,317 shares of the company’s stock worth $9,840,000 after buying an additional 17,252 shares in the last quarter. Summit Financial Strategies Inc. grew its holdings in Avantis Emerging Markets Equity ETF by 3.8% in the 3rd quarter. Summit Financial Strategies Inc. now owns 806,659 shares of the company’s stock worth $52,110,000 after buying an additional 29,651 shares in the last quarter. Finally, Good Life Advisors LLC lifted its position in Avantis Emerging Markets Equity ETF by 5.4% in the third quarter. Good Life Advisors LLC now owns 25,467 shares of the company’s stock worth $1,645,000 after purchasing an additional 1,316 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

AVEM opened at $60.49 on Thursday. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88. Avantis Emerging Markets Equity ETF has a 1-year low of $55.00 and a 1-year high of $66.31. The business has a 50 day moving average price of $59.66 and a two-hundred day moving average price of $61.14.

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.