Ashton Thomas Private Wealth LLC reduced its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 10.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,503 shares of the company’s stock after selling 11,450 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $9,261,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of AVEM. Bank of America Corp DE increased its position in Avantis Emerging Markets Equity ETF by 45.1% during the 1st quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock valued at $2,310,765,000 after buying an additional 8,908,264 shares in the last quarter. Vantagepoint Investment Advisers LLC purchased a new position in Avantis Emerging Markets Equity ETF during the third quarter worth about $248,060,000. Annex Advisory Services LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter valued at approximately $157,364,000. BOKF NA acquired a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter worth $152,097,000. Finally, Commonwealth Equity Services LLC purchased a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter worth approximately $84,022,000.
Avantis Emerging Markets Equity ETF Trading Up 1.7%
NYSEARCA AVEM opened at $83.28 on Friday. The company has a market capitalization of $26.00 billion, a price-to-earnings ratio of 12.66 and a beta of 0.79. Avantis Emerging Markets Equity ETF has a 1-year low of $73.79 and a 1-year high of $100.83. The stock’s 50 day moving average is $92.13 and its two-hundred day moving average is $90.09.
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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