Equita Financial Network Inc. Reduces Position in Avantis Emerging Markets Equity ETF $AVEM

Equita Financial Network Inc. reduced its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 8.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,859 shares of the company’s stock after selling 3,063 shares during the period. Avantis Emerging Markets Equity ETF comprises approximately 0.9% of Equita Financial Network Inc.’s portfolio, making the stock its 23rd largest position. Equita Financial Network Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $2,321,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atlas Brown Inc. raised its stake in Avantis Emerging Markets Equity ETF by 4.2% in the second quarter. Atlas Brown Inc. now owns 4,029 shares of the company’s stock valued at $276,000 after buying an additional 164 shares in the last quarter. Milestone Asset Management Group LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 4.3% in the 1st quarter. Milestone Asset Management Group LLC now owns 4,192 shares of the company’s stock valued at $252,000 after acquiring an additional 173 shares during the last quarter. Clarity Asset Management Inc. increased its holdings in shares of Avantis Emerging Markets Equity ETF by 31.5% in the 1st quarter. Clarity Asset Management Inc. now owns 752 shares of the company’s stock valued at $45,000 after acquiring an additional 180 shares during the last quarter. Austin Asset Management Co Inc raised its position in shares of Avantis Emerging Markets Equity ETF by 3.1% during the 2nd quarter. Austin Asset Management Co Inc now owns 6,686 shares of the company’s stock worth $458,000 after acquiring an additional 199 shares in the last quarter. Finally, L.K. Benson & Company P.C. lifted its stake in Avantis Emerging Markets Equity ETF by 1.0% during the second quarter. L.K. Benson & Company P.C. now owns 21,564 shares of the company’s stock worth $1,478,000 after purchasing an additional 207 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 1.0%

Shares of AVEM opened at $78.00 on Tuesday. The company has a market capitalization of $14.38 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a 52-week low of $52.52 and a 52-week high of $78.01. The stock has a 50 day moving average price of $74.22 and a 200 day moving average price of $68.89.

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.