Tarbox Family Office Inc. trimmed its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 2.0% in the second quarter, Holdings Channel.com reports. The fund owned 506,746 shares of the company’s stock after selling 10,104 shares during the period. Avantis Emerging Markets Equity ETF makes up approximately 7.0% of Tarbox Family Office Inc.’s investment portfolio, making the stock its 4th largest position. Tarbox Family Office Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $48,896,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE boosted its holdings in Avantis Emerging Markets Equity ETF by 1,271.2% in the second quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock worth $1,202,511,000 after purchasing an additional 16,265,184 shares during the period. Align Financial LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the fourth quarter worth $528,227,000. Kestra Investment Management LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 3,618.9% during the fourth quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock worth $113,646,000 after purchasing an additional 1,435,866 shares during the period. Maseco LLP bought a new position in shares of Avantis Emerging Markets Equity ETF in the 1st quarter worth about $93,504,000. Finally, LPL Financial LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 39.6% in the 4th quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock worth $288,100,000 after buying an additional 1,061,034 shares during the last quarter.
Avantis Emerging Markets Equity ETF Stock Performance
NYSEARCA AVEM opened at $96.04 on Thursday. Avantis Emerging Markets Equity ETF has a one year low of $72.94 and a one year high of $100.83. The company has a 50-day simple moving average of $92.65 and a 200-day simple moving average of $90.58. The firm has a market capitalization of $27.33 billion, a PE ratio of 12.66 and a beta of 0.75.
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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Want to see what other hedge funds are holding AVEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report).
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