RFG Advisory LLC trimmed its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 42.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,835 shares of the company’s stock after selling 12,271 shares during the quarter. RFG Advisory LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $1,624,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC increased its stake in Avantis Emerging Markets Equity ETF by 13.2% in the 1st quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock worth $1,336,000 after acquiring an additional 2,596 shares during the last quarter. M&T Bank Corp bought a new position in shares of Avantis Emerging Markets Equity ETF during the 2nd quarter valued at approximately $287,000. Diversify Advisory Services LLC bought a new position in shares of Avantis Emerging Markets Equity ETF during the 2nd quarter valued at approximately $478,000. Diversify Wealth Management LLC grew its holdings in shares of Avantis Emerging Markets Equity ETF by 20.3% in the second quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock valued at $946,000 after purchasing an additional 2,244 shares in the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of Avantis Emerging Markets Equity ETF by 74.1% in the second quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock valued at $1,010,000 after purchasing an additional 6,271 shares in the last quarter.
Avantis Emerging Markets Equity ETF Stock Performance
Shares of AVEM opened at $95.35 on Friday. The company’s fifty day moving average is $92.74 and its 200 day moving average is $90.66. Avantis Emerging Markets Equity ETF has a fifty-two week low of $72.94 and a fifty-two week high of $100.83. The stock has a market capitalization of $27.14 billion, a PE 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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