Verus Wealth Management LLC Sells 9,371 Shares of Avantis Emerging Markets Equity ETF $AVEM

Verus Wealth Management LLC reduced its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 15.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,383 shares of the company’s stock after selling 9,371 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for 3.5% of Verus Wealth Management LLC’s holdings, making the stock its 8th biggest position. Verus Wealth Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $3,453,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its holdings in shares of Avantis Emerging Markets Equity ETF by 0.8% in the first quarter. Envestnet Asset Management Inc. now owns 15,030,769 shares of the company’s stock valued at $904,401,000 after buying an additional 115,249 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Avantis Emerging Markets Equity ETF by 15.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,391,347 shares of the company’s stock worth $143,887,000 after acquiring an additional 319,437 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Avantis Emerging Markets Equity ETF by 4.6% in the 1st quarter. Cerity Partners LLC now owns 2,295,240 shares of the company’s stock worth $138,105,000 after acquiring an additional 100,298 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 8.6% during the first quarter. American Century Companies Inc. now owns 1,930,233 shares of the company’s stock valued at $116,142,000 after purchasing an additional 152,942 shares during the last quarter. Finally, LPL Financial LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 10.0% in the 1st quarter. LPL Financial LLC now owns 1,471,607 shares of the company’s stock valued at $88,547,000 after purchasing an additional 133,886 shares during the period.

Avantis Emerging Markets Equity ETF Trading Up 0.3%

NYSEARCA AVEM opened at $76.11 on Friday. The stock’s 50-day moving average price is $72.37 and its two-hundred day moving average price is $66.91. The company has a market cap of $13.65 billion, a PE ratio of 12.66 and a beta of 0.80. Avantis Emerging Markets Equity ETF has a 1 year low of $52.52 and a 1 year high of $76.37.

Avantis Emerging Markets Equity ETF 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.