Sylvest Advisors LLC cut its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 14.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 82,444 shares of the company’s stock after selling 13,816 shares during the period. Avantis Emerging Markets Equity ETF makes up 3.5% of Sylvest Advisors LLC’s holdings, making the stock its 9th largest position. Sylvest Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $6,643,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 1,271.2% during 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 purchased a new stake in Avantis Emerging Markets Equity ETF in the fourth quarter valued at approximately $528,227,000. Kestra Investment Management LLC increased its holdings in Avantis Emerging Markets Equity ETF by 3,618.9% in the 4th quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock worth $113,646,000 after buying an additional 1,435,866 shares during the period. Maseco LLP acquired a new position in Avantis Emerging Markets Equity ETF in the 1st quarter worth approximately $93,504,000. Finally, LPL Financial LLC increased its holdings in 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 period.
Avantis Emerging Markets Equity ETF Trading Down 1.3%
AVEM opened at $94.40 on Friday. Avantis Emerging Markets Equity ETF has a 12-month low of $68.00 and a 12-month high of $100.83. The firm has a 50 day moving average of $93.86 and a two-hundred day moving average of $86.06. The firm has a market capitalization of $24.62 billion, a PE ratio of 12.66 and a beta of 0.73.
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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