Brown Financial Advisors Has $4.74 Million Stake in Avantis Emerging Markets Equity ETF $AVEM

Brown Financial Advisors cut its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 13.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 49,149 shares of the company’s stock after selling 7,473 shares during the quarter. Avantis Emerging Markets Equity ETF comprises 1.6% of Brown Financial Advisors’ portfolio, making the stock its 13th largest position. Brown Financial Advisors’ holdings in Avantis Emerging Markets Equity ETF were worth $4,742,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Winch Advisory Services LLC bought a new stake in Avantis Emerging Markets Equity ETF in the first quarter valued at about $26,000. JFS Wealth Advisors LLC lifted its stake in Avantis Emerging Markets Equity ETF by 67.3% in the second quarter. JFS Wealth Advisors LLC now owns 276 shares of the company’s stock valued at $27,000 after buying an additional 111 shares during the period. Glenmede Trust Co. NA bought a new position in Avantis Emerging Markets Equity ETF during the first quarter worth about $31,000. Rothschild Investment LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 192.7% during the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after buying an additional 289 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new position in shares of Avantis Emerging Markets Equity ETF during the 4th quarter worth about $36,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM stock opened at $96.81 on Monday. The stock has a market cap of $27.55 billion, a PE ratio of 12.66 and a beta of 0.75. The stock has a 50-day moving average of $92.57 and a 200-day moving average of $90.37. Avantis Emerging Markets Equity ETF has a one year low of $71.68 and a one year high of $100.83.

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.