Town Capital LLC Has $4.79 Million Holdings in Avantis Emerging Markets Equity ETF $AVEM

Town Capital LLC cut its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 21.7% in the first quarter, HoldingsChannel reports. The firm owned 59,377 shares of the company’s stock after selling 16,488 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for 3.9% of Town Capital LLC’s portfolio, making the stock its 8th largest position. Town Capital LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $4,785,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AVEM. Parallel Advisors LLC lifted its position in Avantis Emerging Markets Equity ETF by 1,654.5% during the first quarter. Parallel Advisors LLC now owns 760,155 shares of the company’s stock valued at $61,253,000 after purchasing an additional 716,830 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 21.7% during the 1st quarter. NewEdge Advisors LLC now owns 249,118 shares of the company’s stock valued at $20,074,000 after buying an additional 44,395 shares in the last quarter. Blue Edge Capital LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the 1st quarter valued at about $11,554,000. Caerus Investment Advisors LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the 1st quarter valued at about $220,000. Finally, Maripau Wealth Management LLC grew its position in Avantis Emerging Markets Equity ETF by 12.8% in the first quarter. Maripau Wealth Management LLC now owns 5,292 shares of the company’s stock worth $426,000 after acquiring an additional 602 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

AVEM opened at $89.51 on Monday. The stock has a 50-day moving average of $93.89 and a 200 day moving average of $88.61. Avantis Emerging Markets Equity ETF has a 12 month low of $68.27 and a 12 month high of $100.83. The firm has a market cap of $25.47 billion, a P/E 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.