Gradient Investments LLC Cuts Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

Gradient Investments LLC lowered its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 64.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,038,908 shares of the company’s stock after selling 1,921,668 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for 1.4% of Gradient Investments LLC’s holdings, making the stock its 14th biggest position. Gradient Investments LLC owned approximately 0.34% of Avantis Emerging Markets Equity ETF worth $97,678,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Avidian Wealth Enterprises LLC acquired a new stake in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at about $428,000. Toth Financial Advisory Corp grew its stake in shares of Avantis Emerging Markets Equity ETF by 19.5% in the third quarter. Toth Financial Advisory Corp now owns 30,631 shares of the company’s stock valued at $2,880,000 after acquiring an additional 5,005 shares in the last quarter. Cooper Financial Group raised its position in shares of Avantis Emerging Markets Equity ETF by 5.6% in the third quarter. Cooper Financial Group now owns 240,721 shares of the company’s stock valued at $22,633,000 after buying an additional 12,750 shares in the last quarter. Investors Research Corp bought a new position in shares of Avantis Emerging Markets Equity ETF in the third quarter worth $39,000. Finally, Silvia Mccoll Wealth Management LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 1.8% during the 3rd quarter. Silvia Mccoll Wealth Management LLC now owns 21,336 shares of the company’s stock worth $2,006,000 after acquiring an additional 375 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA:AVEM traded down $2.16 during trading hours on Thursday, hitting $92.79. The company’s stock had a trading volume of 751,310 shares, compared to its average volume of 1,908,832. The stock has a fifty day simple moving average of $94.02 and a 200-day simple moving average of $92.03. Avantis Emerging Markets Equity ETF has a twelve month low of $72.94 and a twelve month high of $100.83. The company has a market capitalization of $28.02 billion, a P/E 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.