Total Wealth Planning LLC Cuts Stock Position in Avantis Emerging Markets Equity ETF $AVEM

Total Wealth Planning LLC lessened its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 93.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,672 shares of the company’s stock after selling 104,379 shares during the quarter. Avantis Emerging Markets Equity ETF makes up about 1.3% of Total Wealth Planning LLC’s portfolio, making the stock its 19th biggest holding. Total Wealth Planning LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $591,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AVEM. Asempa Wealth Advisors purchased a new stake in Avantis Emerging Markets Equity ETF during the 4th quarter worth $939,000. Breakwater Capital Group increased its stake in Avantis Emerging Markets Equity ETF by 14.8% during the 4th quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock worth $4,045,000 after buying an additional 6,774 shares during the period. ACT Advisors LLC. increased its stake in Avantis Emerging Markets Equity ETF by 3.4% during the 4th quarter. ACT Advisors LLC. now owns 307,508 shares of the company’s stock worth $23,684,000 after buying an additional 10,245 shares during the period. Assetmark Inc. increased its stake in Avantis Emerging Markets Equity ETF by 28,061.5% during the 3rd quarter. Assetmark Inc. now owns 105,324 shares of the company’s stock worth $7,911,000 after buying an additional 104,950 shares during the period. Finally, Clear Creek Financial Management LLC increased its stake in Avantis Emerging Markets Equity ETF by 105.5% during the 3rd quarter. Clear Creek Financial Management LLC now owns 17,265 shares of the company’s stock worth $1,297,000 after buying an additional 8,863 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM stock opened at $95.72 on Friday. The firm has a market cap of $24.96 billion, a P/E ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 1-year low of $66.19 and a 1-year high of $99.67. The firm has a fifty day moving average of $91.32 and a two-hundred day moving average of $84.62.

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.