Avantis Emerging Markets Equity ETF $AVEM Stock Position Decreased by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC lowered its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 8.3% during the second quarter, HoldingsChannel.com reports. The fund owned 3,978 shares of the company’s stock after selling 361 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $273,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Janney Montgomery Scott LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 1st quarter worth approximately $1,410,000. Royal Bank of Canada grew its stake in Avantis Emerging Markets Equity ETF by 7.8% during the 1st quarter. Royal Bank of Canada now owns 290,593 shares of the company’s stock worth $17,485,000 after buying an additional 20,996 shares during the last quarter. Stone Summit Wealth LLC increased its position in Avantis Emerging Markets Equity ETF by 2.8% in the second quarter. Stone Summit Wealth LLC now owns 34,371 shares of the company’s stock worth $2,356,000 after buying an additional 935 shares during the period. Brown Advisory Inc. bought a new stake in Avantis Emerging Markets Equity ETF in the first quarter valued at $426,000. Finally, XY Planning Network Inc. lifted its stake in Avantis Emerging Markets Equity ETF by 89.7% in the second quarter. XY Planning Network Inc. now owns 7,745 shares of the company’s stock valued at $531,000 after buying an additional 3,663 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Avantis Emerging Markets Equity ETF stock opened at $76.14 on Wednesday. Avantis Emerging Markets Equity ETF has a one year low of $52.52 and a one year high of $77.14. The company has a 50-day simple moving average of $73.77 and a 200-day simple moving average of $68.17. The firm has a market capitalization of $13.84 billion, a P/E ratio of 12.66 and a beta of 0.80.

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.