Tarbox Family Office Inc. lowered its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 1.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 498,533 shares of the company’s stock after selling 8,213 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for about 6.6% 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 $46,872,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVEM. ORBA Wealth Advisors L.L.C. lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 2.0% during the third quarter. ORBA Wealth Advisors L.L.C. now owns 36,703 shares of the company’s stock worth $3,451,000 after buying an additional 723 shares during the last quarter. Evanson Financial LLC increased its position in Avantis Emerging Markets Equity ETF by 61.8% during the third quarter. Evanson Financial LLC now owns 15,754 shares of the company’s stock worth $1,481,000 after acquiring an additional 6,016 shares during the period. Citizens Financial Group Inc. RI bought a new position in Avantis Emerging Markets Equity ETF during the third quarter worth $343,000. Simplicity Wealth LLC raised its stake in Avantis Emerging Markets Equity ETF by 9.0% during the 3rd quarter. Simplicity Wealth LLC now owns 390,614 shares of the company’s stock valued at $36,726,000 after purchasing an additional 32,313 shares during the last quarter. Finally, Barrett & Company Inc. acquired a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter valued at $42,000.
Avantis Emerging Markets Equity ETF Price Performance
NYSEARCA:AVEM opened at $87.50 on Friday. Avantis Emerging Markets Equity ETF has a one year low of $73.79 and a one year high of $100.83. The company has a fifty day moving average price of $93.71 and a 200 day moving average price of $92.83. The stock has a market cap of $26.84 billion, a P/E ratio of 12.66 and a beta of 0.75.
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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.
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