IMA Wealth Inc. Decreases Stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

IMA Wealth Inc. lowered its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 2.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 25,831 shares of the company’s stock after selling 765 shares during the period. IMA Wealth Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $1,457,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morris Financial Concepts Inc. raised its holdings in shares of Avantis Emerging Markets Equity ETF by 1.6% during the 3rd quarter. Morris Financial Concepts Inc. now owns 12,395 shares of the company’s stock worth $654,000 after acquiring an additional 201 shares during the period. Sterneck Capital Management LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 3.1% during the 3rd quarter. Sterneck Capital Management LLC now owns 8,006 shares of the company’s stock worth $423,000 after acquiring an additional 240 shares during the period. Altus Wealth Group LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 2.3% during the 4th quarter. Altus Wealth Group LLC now owns 11,024 shares of the company’s stock worth $622,000 after acquiring an additional 253 shares during the period. Lauterbach Financial Advisors LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 6.7% during the 3rd quarter. Lauterbach Financial Advisors LLC now owns 4,383 shares of the company’s stock worth $231,000 after acquiring an additional 275 shares during the period. Finally, Good Life Advisors LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 1.1% during the 4th quarter. Good Life Advisors LLC now owns 25,510 shares of the company’s stock worth $1,439,000 after acquiring an additional 277 shares during the period.

Avantis Emerging Markets Equity ETF Trading Up 1.0 %

AVEM traded up $0.60 on Friday, hitting $58.70. The company had a trading volume of 156,562 shares, compared to its average volume of 347,282. The firm has a market cap of $5.18 billion, a P/E ratio of 9.46 and a beta of 0.80. Avantis Emerging Markets Equity ETF has a 1 year low of $50.65 and a 1 year high of $59.40. The company’s fifty day moving average price is $57.70 and its 200 day moving average price is $55.56.

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.