Truepoint Inc. decreased its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 458,041 shares of the company’s stock after selling 10,496 shares during the quarter. Avantis Emerging Markets Equity ETF makes up approximately 0.8% of Truepoint Inc.’s portfolio, making the stock its 22nd biggest position. Truepoint Inc. owned approximately 0.21% of Avantis Emerging Markets Equity ETF worth $35,278,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in AVEM. Asempa Wealth Advisors acquired a new stake in Avantis Emerging Markets Equity ETF during the fourth quarter valued at $939,000. Breakwater Capital Group boosted its position in Avantis Emerging Markets Equity ETF by 14.8% during the fourth quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock valued at $4,045,000 after purchasing an additional 6,774 shares during the last quarter. ACT Advisors LLC. boosted its position in Avantis Emerging Markets Equity ETF by 3.4% during the fourth quarter. ACT Advisors LLC. now owns 307,508 shares of the company’s stock valued at $23,684,000 after purchasing an additional 10,245 shares during the last quarter. Assetmark Inc. boosted its position in Avantis Emerging Markets Equity ETF by 28,061.5% during the third quarter. Assetmark Inc. now owns 105,324 shares of the company’s stock valued at $7,911,000 after purchasing an additional 104,950 shares during the last quarter. Finally, Clear Creek Financial Management LLC boosted its position in Avantis Emerging Markets Equity ETF by 105.5% during the third quarter. Clear Creek Financial Management LLC now owns 17,265 shares of the company’s stock valued at $1,297,000 after purchasing an additional 8,863 shares during the last quarter.
Avantis Emerging Markets Equity ETF Trading Down 1.7%
AVEM opened at $91.14 on Thursday. The stock has a market cap of $23.77 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 1 year low of $66.19 and a 1 year high of $99.67. The stock has a fifty day moving average price of $90.74 and a 200 day moving average price of $84.40.
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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.
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