Invariant Investment Management reduced its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 49.8% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,538 shares of the company’s stock after selling 73,866 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for about 4.2% of Invariant Investment Management’s investment portfolio, making the stock its 7th largest position. Invariant Investment Management’s holdings in Avantis Emerging Markets Equity ETF were worth $7,104,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of AVEM. Winch Advisory Services LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the first quarter worth approximately $26,000. Glenmede Trust Co. NA bought a new stake in Avantis Emerging Markets Equity ETF during the first quarter valued at approximately $31,000. Rothschild Investment LLC grew its stake in Avantis Emerging Markets Equity ETF by 192.7% in the 4th quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after buying an additional 289 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in Avantis Emerging Markets Equity ETF in the 4th quarter worth approximately $36,000. Finally, Hantz Financial Services Inc. grew its stake in Avantis Emerging Markets Equity ETF by 49.5% in the 4th quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock worth $43,000 after buying an additional 183 shares in the last quarter.
Avantis Emerging Markets Equity ETF Price Performance
Shares of NYSEARCA:AVEM opened at $92.27 on Friday. The company’s fifty day moving average price is $93.46 and its 200-day moving average price is $88.93. The firm has a market capitalization of $26.26 billion, a price-to-earnings ratio of 12.66 and a beta of 0.74. Avantis Emerging Markets Equity ETF has a one year low of $70.27 and a one year high of $100.83.
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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.
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