Avantis Emerging Markets Equity ETF $AVEM Stake Trimmed by Choice Wealth Advisors LLC

Choice Wealth Advisors LLC cut its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 4.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,375 shares of the company’s stock after selling 5,851 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for 4.5% of Choice Wealth Advisors LLC’s investment portfolio, making the stock its 9th largest position. Choice Wealth Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $12,869,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in shares of Avantis Emerging Markets Equity ETF by 45.1% in the first quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock worth $2,310,765,000 after acquiring an additional 8,908,264 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Avantis Emerging Markets Equity ETF by 4.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock valued at $741,503,000 after acquiring an additional 418,018 shares in the last quarter. Align Financial LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at $528,227,000. Wells Fargo & Company MN boosted its holdings in Avantis Emerging Markets Equity ETF by 17.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock valued at $437,145,000 after purchasing an additional 837,069 shares during the period. Finally, Morgan Stanley boosted its holdings in Avantis Emerging Markets Equity ETF by 12.6% in the fourth quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock valued at $435,908,000 after purchasing an additional 631,367 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

AVEM opened at $91.87 on Tuesday. Avantis Emerging Markets Equity ETF has a 12 month low of $70.27 and a 12 month high of $100.83. The stock has a market capitalization of $26.15 billion, a price-to-earnings ratio of 12.66 and a beta of 0.74. The business has a fifty day moving average price of $93.32 and a 200 day moving average price of $89.06.

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.